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After JPMorgan CEO Jamie Dimon stated that AI would transform every job, the bank introduced a GenAI tool to its asset and wealth management employees, enabling tasks like writing, idea generation, and summarizing documents using advanced language models. Will it be caught “hallucinating”?
“Think of LLM Suite as a research analyst that can offer information, solutions and advice on a topic,” the memo told employees. It was signed by Mary Erdoes, head of JPMorgan’s asset and wealth management business in the memo, Teresa Heitsenrether, the bank’s chief data and analytics officer, and Mike Urciuoli, the asset and wealth management unit’s chief information officer. They described it as a “ChatGPT-like product” that was to be used for “general purpose productivity” to complement its other apps that handle sensitive financial information called Connect Coach and SpectrumGPT.
https://www.ft.com/content/96dfec5f-4d5f-4c3e-8f66-ebd0dfc8392d
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