According to BlockBeats, on July 26, investment banking giant JPMorgan announced the launch of an internal version of a generative AI product similar to ChatGPT, named LLM Suite. This tool is primarily designed to assist analysts in writing, generating ideas, and summarizing documents.

JPMorgan stated that LLM Suite is a 'ChatGPT-like product' capable of working in conjunction with other internal systems that handle sensitive financial information to enhance 'general productivity.'