JPMorgan's AI Chatbot to Replace Research Analysts 😳

JPMorgan recently launched its own AI chatbot, LLM Suite, providing 50,000 employees (about 15% of its workforce) in its asset and wealth management division with a platform for writing, idea generation, and document summarisation. This rollout marks one of the Wall Street’s largest LLM deployments. 

With over 300 AI use cases in production and more than 2,000 data scientists and ML engineers, the company is using AI to revolutionise finance, following its earlier AI initiatives, such as IndexGPT and an AI model analysing Federal Reserve communications.