IndexGPT AI Investment Selection Tool

JPMorgan Chase is utilizing artificial intelligence to develop a unique investment selection tool, IndexGPT. This AI program is designed to analyze and select financial securities based on customer needs. The AI application uses advanced cloud computing software. It is inspired by the success of OpenAI’s ChatGPT technology, which uses substantial language models to craft human-like responses. This innovative AI technology is being tested by several banks, including Goldman Sachs and Morgan Stanley, for internal use. However, JPMorgan could be the first to offer a GPT-like product directly to its customers.