JPMorgan's AI-Powered Stock Indices

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The Rundown

• PRODUCT LAUNCHES

  • JPMorgan Expands AI-Powered Stock Indices

• REGULATION 

  • FTC Probes AI Pricing, Lawmakers Cautious on AI Regulation in Financial Services

• FUNDRAISING

  • Menlo Ventures' $100M Fund 

• AI SPENDING

  • IBM Doubles Gen AI Sales 

• PARTNERSHIPS

  • Nvidia and Mistral New Model Cuts Cloud Dependence

• MORE AI + FIN NEWS

PRODUCT LAUNCHES JPMorgan Expands AI-Powered Stock Indices

The bank has expanded the availability of Quest IndexGPT, a set of stock indices that leverages OpenAI's GPT-4 language model, per a company statement. This is the bank’s first client-facing product usin…