JPMorgan Gives Staff AI-Powered ‘Research Analyst’ Chatbot
- CEO Jamie Dimon has likened AI tech to steam engine, internet
- Asset and wealth management employees given access to the tool
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JPMorgan Chase & Co. has launched a generative artificial intelligence tool and told employees to think of it as a research analyst that can offer information, solutions and advice, according to an internal memo viewed by Bloomberg.
The bank is giving “many” employees in the asset and wealth-management division access to its own version of OpenAI’s ChatGPT, called LLM Suite. The tool can help with writing, idea generation, problem solving using spreadsheets, summarizing documents and more, according to the memo.