I wonder what Deutsche Bank thinks about the emblem of Elon's new chatbot Grok. I asked an intern for comment and they said they noticed some similarities... IP lawyers are gonna have a field day with this. "Well well, nice logo you got there. would be a shame if something... happened to it." #ElonMusk #AI #CI #Design #Failure
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Much speculation on JPMorgan Chase & Co. filing for a trademark on “IndexGPT”. Headlines include “putting advisers out of business”, “cutting out the middleman”. We have been down this path before with robo investing/advice. Perhaps this more about offering personalised investment product packaging at a scale never seen before. A curious decision to include the name GPT in a trademark patent which means nothing to customers. Either way, expect to see an explosion of fintech services with GPT branding in the coming months. #hypecycle #indexgpt https://lnkd.in/gY_-gQs6
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Christian | Lawyer | Author | Managing Partner Nigeria Magazine | Owner Owamwen | Owner Mediaverse | AGGS SMB | Founder E-Daily Devotions | Founder ADESUWA | Celebrated Nigerian | DEI Champion | 24K Followers
JPMorgan Chase & Co. is developing a #ChatGPT-like software service that leans on a disruptive form of #artificial #intelligence to select investments for customers. JPMorgan Chase applied to #trademark a product called #IndexGPT this month, according to a filing from the New York-based bank. IndexGPT will tap "cloud computing software using artificial intelligence" for "analyzing and selecting #securities tailored to customer needs," according to the filing. But JPMorgan may be the first financial incumbent aiming to release a GPT-like product directly to its customers, according to Washington D.C.-based trademark attorney Josh Gerben. "This is a real indication they might have a potential #product to launch in the near future," Gerben said. JPMorgan must #launch IndexGPT within about three years of approval to secure the trademark, according to the lawyer. #Trademarks typically take nearly a year to be approved, thanks to backlogs at the U.S. Patent and Trademark Office, he said. But JPMorgan's filing does specify that IndexGPT uses the same flavor of A.I. popularized by ChatGPT; the bank plans to use A.I. powered by "#Generative Pre-trained #Transformer (GPT) #models." Earlier this week, executives at JPMorgan touted their progress in applying A.I. across operations at the company's annual investor conference. The bank, which employs 1,500 #data #scientists and machine-learning #engineers, is testing "a number of use cases" for GPT #technology, said global tech chief Lori Beer. #machinelearning #gpt #indexgpt #ainews #chatgptnews #chatgpt4
Much speculation on JPMorgan Chase & Co. filing for a trademark on “IndexGPT”. Headlines include “putting advisers out of business”, “cutting out the middleman”. We have been down this path before with robo investing/advice. Perhaps this more about offering personalised investment product packaging at a scale never seen before. A curious decision to include the name GPT in a trademark patent which means nothing to customers. Either way, expect to see an explosion of fintech services with GPT branding in the coming months. #hypecycle #indexgpt https://lnkd.in/gY_-gQs6
JPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
cnbc.com
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Director - Consulting - Advanced Analytics, AI , Gen AI at PwC | Ex-HSBC , Cognizant , TCS, Abzooba, Infosys | Ex- Analytics Startup Founder | Gold Medalist( Engg) | ISB | Published Author
#GenerativeAI for #WealthManagement - Wealth management is an industry powered by data. So technology like generative AI that can analyse various data sources and relay information in easy to digest forms, could become very valuable to wealth managers. JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments for customers. #Technology will transform how #traders and #investors process news, streamline information and organise unstructured data. This could improve risk management, insight generation and enhance decision making. An area generative AI could transform in wealth management are #chatbots and #roboadvisors , both were there but now with greater strength and accuracy and more humane touch. #GenAI has the capability to transform the wealth management industry by delivering greater personalised, data-driven insights, which results in a more efficient practice ( but I want to reiterate that financial advisors will still play an important role in building relationships with clients, providing them with the support and guidance they need to achieve their goals ).
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Citi plans to provide 40,000+ coders access to the latest #GenAI technology - its initial pilot began with 250 developers. Risk and compliance teams used Generative AI to review 1,089 pages of new capital rules. Citi is also exploring systems modernization using #AI - for example, going from legacy COBOL to more modern Java. Human oversight will remain critical to supervise outputs from AI #copilots. Human innovation will be turbocharged - for example, Citi employees have already pitched 350+ AI use cases at the Bank. Citi, Goldman, JPMorgan, Morgan Stanley, and more - banks are "banking on AI" and rewiring the bank for an AI-powered #futureofwork. https://lnkd.in/gmQ8ekPu?
Citi Used Generative AI to Read 1,089 Pages of New Capital Rules
bloomberg.com
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