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Will JPMorgan's AI chatbot increase productivity in asset and wealth management by end of 2024?
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Internal reports or statements from JPMorgan Chase, publicly available financial performance reports
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JPMorgan Launches AI-Powered LLM Suite Chatbot for Research, FT Reports
Jul 26, 2024, 06:42 AM
JPMorgan Chase has launched an in-house chatbot powered by generative artificial intelligence, designed to function as a research analyst. This AI tool, which is a proprietary version of OpenAI's ChatGPT, is being rolled out to assist employees in the asset and wealth management division. The chatbot aids in writing, idea generation, and providing information, solutions, and advice on various topics. According to an internal memo, many employees are being given access to this tool, which aims to enhance productivity and streamline research processes. FT reports that the chatbot, referred to as the LLM Suite, is expected to significantly impact the way research is conducted within the bank.
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