JP Morgan Introduces AI Chatbot: Word’s leading finance company, JP Morgan on Friday reported JPMorgan Chase has introduced a generative artificial intelligence (AI) product.
The company has informed its workers that its version of OpenAI’s ChatGPT can do all the tasks that a research analyst does.
According to an internal memo seen by FT, JPMorgan Chase has given its workers access to a large language framework called LLM Suite. The workers that got access to this LLM suite are especially from the asset and wealth management division.
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This LLM suite will help the workers with writing, coming up with ideas, and summarizing documents. It will reduce their workload and make it easier.
As per the reports, earlier this year JPMorgan introduced the large language model, LLM Suite to workers and currently around 50,000 employees have access to it.
However, seeing JP Morgan introducing such features, its rival Morgan Stanley (MS.N), a U.S. investment bank teamed up with OpenAI and introduced a GenAI chatbot in September 2023.
This gave financial experts quick access to all of Morgan Stanley’s intellectual property.
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