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JPMorgan Unveils In-House Chatbot To Enhance Research Capabilities: Report

JPMorgan Chase & Co. (NYSE:JPM) shares are trading higher today. The bank has reportedly started deploying its generative AI tool, informing employees that its proprietary version of OpenAI’s ChatGPT can perform the tasks of a research analyst. The U.S. bank has provided its asset and wealth management employees with access to a large language model named LLM Suite, reported Financial Times. Jamie Dimon told investors in May that AI was “going to change every job. It may eliminate some jobs. Some of it may create additional jobs. But you can’t envision one app, one database, or one job where it’s not going to help, aid or abet.” Executives informed staff that LLM Suite can ...