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On Could 11, JPMorgan Chase filed a trademark utility for IndexGPT, a chatbot designed to reply questions on finance. In response to the appliance, the chatbot might be used for monetary promoting and advertising providers, on-line monetary info, funding recommendation, and an index of safety values. The information was shared by the USA Patent and Trademark Workplace.
“AI and the uncooked materials that feeds it, knowledge, might be vital to our firm’s future success. The significance of implementing new applied sciences merely can’t be overstated,” acknowledged JPMorgan Chase CEO Jamie Dimon’s letter to shareholders.
In February, JP Morgan carried out a survey about AI and machine studying. In response to the end result, over half of institutional merchants consider that within the subsequent three years, synthetic intelligence and ML will form the way forward for buying and selling. Notably, over 2,000 knowledge managers, scientists, and machine studying engineers of JP Morgan are actually devoted to AI capabilities.
JP Morgan is just not the primary firm to introduce AI-based initiatives. In March, Mayo Oshin launched Buffet, a chatbot that may analyze massive monetary paperwork.
Usually talking, because the launch of OpenAI’s GPT-4 expertise, organizations have been introducing AI-powered providers. In April this yr, PricewaterhouseCoopers introduced its plans to make use of OpenAI’s expertise to automate components of its tax audit and consulting providers.
Earlier this month, consulting agency KPMG and tech large Microsoft began a collaboration to ship generative AI options for Audit, Tax and Advisory purchasers within the U.S.
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