JPMorgan is developing a ChatGPT-like AI service for investors (01/2024)
JPMorgan, one of the biggest and most powerful banks in the world, is developing a ChatGPT-like artificial intelligence service for investors called IndexGPT
✨Get a Dissertation Research Proposal on this Topic
Fill in the form and we will shortly create and send you the research proposal on "JPMorgan is developing a ChatGPT-like AI service for investors " for free.
The banking giant applied to trademark a product called IndexGPT earlier this month. The service will tap cloud computing software using AI for analyzing and selecting securities tailored to customer needs.
In the same way you now use OpenAIs ChatGPT for writing or coding, you can soon use JPMs IndexGPT to help pick, analyze, and recommend financial securities like stocks, bonds, commodities, digital assets, etc.
This could be a massive move that can disrupt the traditional financial advisory market currently worth around $90 billion. And thats just the start.
While banks like Goldman Sachsand Morgan Stanley have already begun testing artificial intelligence for internal use, JPMorgan would be the first financial firm to launch a generative AI product directly to its customers.
This is a big deal but it should come as no surprise. JPM has already built its own ChatGPT-based large language model (LLM) to analyze Federal Reserve statements and speeches in an effort to sniff out potential trading signals. On top of that, JPMorgan Chase boss Jamie Dimon earlier revealed that the bank has more than 300 AI use cases in production. This yet again proves that the banking giant is super serious about the future and Dimon is walking the walk - JPM now employs more than 2,000 data scientists and machine learning engineers to help build out its AI capabilities. The future of finance will never be the same, but JPMorgan will sure be part of it.
About ECEBiS
At ECEBiS you are going to understand what will change the trajectory of the financial industry. You will develop a transversal view on the forces that are shaping the future financial industry.
From payments and lending to investment and money management, tech providers are actively shaping the future of the financial landscape - even pushing the boundaries of currency itself. You might evaluate the impact of robo-advising on health management and examine portfolio recommendations from a diversified set of RAs and attempt to identify the factors behind proposed splits between asset classes.
ECEBiS is a platform in academic research on new business models and innovative products. We investigate in fast moving sectors that are reshaping the financial world of tomorrow and pioneering new ways of doing business. We want to attract outstanding ECEBiS students in finance with experiences and exposures, who intend to
Doctorate of Business Administration (DBA) in Finance (online, 3 years part-time)
develop knowledge on challenges that shape the future of financial industry
engage with a program that offers the convenience of online learning with the benefits of accreditation and global reach.
raise awareness on the importance of fintech and sustainability in finance
identify the best practices in the financial industry to spread positive changes
Go beyond the virtual classroom and network with other ambitious executives and entrepreneurs as you expand your credibility and expertise in the world’s most transformative fields.