JPMorgan Chase has introduced LLM Suite, an AI-driven tool similar to ChatGPT, to boost productivity in its asset and wealth management division.
Investment banking giant JPMorgan Chase is reportedly rolling out an in-house version of a ChatGPT-like generative artificial intelligence product capable of doing the work of a research analyst.
JPMorgan’s asset and wealth management division employees were provided access to the newly launched generative AI tool — LLM Suite — which was primarily built to help them with writing, idea generation and summarizing documents.
The tool was introduced through an internal memo co-signed by Mary Erdoes, the CEO of JPMorgan Chase’s asset and wealth management line of business; Teresa Heitsenrether, the company’s chief data and analytics officer; and Mike Urciuoli, the managing director.
