JPMorgan Launches AI Tool for Analysts 🤖
JPMorgan Chase has launched #LLM Suite, an AI tool designed to assist its asset and wealth management division by performing tasks typically done by research analysts, such as writing, idea generation, and document summarization.
Introduced through an internal memo by top executives, the tool is similar to #ChatGPT and integrates with internal systems handling sensitive financial information to enhance productivity. Initially rolled out to 15% of JPMorgan's workforce, the tool aims to support research analysts by providing information, solutions, and advice.
A survey by #JPMorgan found that 61% of institutional traders view AI as the most impactful technology for the future of trading.
