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AI Street

JPMorgan Launches AI Analyst

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Matt Robinson
Jul 26, 2024
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Welcome to AI Street! I'm Matt Robinson, a longtime financial journalist, and my goal is to help you understand how AI is reshaping Wall Street. Every Thursday, I share the latest news, analysis and expert interviews. Feedback? Reach out: Matt@ai-street.co

The Rundown

  • JPMorgan’s AI Analyst

  • Goldman’s AI Outlook

  • AI Adoption at Man Group

  • ICYMI: Interview with Dr. Lopez-Lira

  • Fundraising for Finance LLM

  • Auditors Adopt AI

  • + Quick Links

BANKS JPMorgan Launches AI Analyst Bot 🤖 

JPMorgan Chase, the largest U.S. bank, rolled out a generative AI tool that’s designed to function as a virtual research analyst, assisting staff with writing, idea generation, and document summarization, according to the FT.

The bank introduced LLM Suite to its asset and wealth management division, with about 50,000 employees (15% of total staff) now having access. The bank developed a proprietary LLM platform in-house because its staff are not permitted to use any consumer AI chatbots. The product doesn’t contain specific ass…

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