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ChatGPT Bug Bites JP Morgan: Looks To Develop AI Software For Investment Advice

Anusuya Lahiri
·1 分鐘文章

  • JP Morgan Chase & Co (NYSE: JPM) is developing a ChatGPT-like software service that leverages disruptive artificial intelligence to select customer investments.

  • The company applied to trademark a product called IndexGPT, CNBC cites a regulatory filing.

  • IndexGPT looks to tap cloud computing software using artificial intelligence for analyzing and selecting securities tailored to customer needs.

  • Banks, including Goldman Sachs Group, Inc (NYSE: GS) and Morgan Stanley (NYSE: MS), have already begun testing it for internal use.

  • The Microsoft Corp (NASDAQ: MSFT) backed OpenAI’s ChatGPT frenzy has influenced industries to integrate artificial intelligence technology. It also triggered concerns amongst employees over being replaced by the technology.

  • JP Morgan, which employs 1,500 data scientists and machine-learning engineers, is testing several use cases for GPT technology, said global tech chief Lori Beer at its annual investor conference this week.

  • Goldman Sachs strategists see AI as offering the most significant potential long-term support for U.S. profit margins.

  • Price Action: JPM shares traded higher by 0.29% at $136.06 premarket on the last check Friday.

  • Photo via Wikimedia Commons

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This article ChatGPT Bug Bites JP Morgan: Looks To Develop AI Software For Investment Advice originally appeared on Benzinga.com

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