JPMorgan banks on Artificial Intelligence: New LLM Suite as Assistant

The renowned US bank JPMorgan Chase is now increasingly relying on artificial intelligence in its internal corporate communication and operations. According to an internal memo from Bloomberg, the financial institution has introduced a generative AI tool and encouraged its employees to regard it as a type of research analyst that can offer information, solutions, and advice. In the wealth and asset management division, numerous employees now have access to a customized version of OpenAI’s ChatGPT, developed under the name LLM Suite. This innovative tool is intended to assist in text formulation, the development of creative ideas, problem-solving using spreadsheets, and the summarization of documents. With this integration measure, JPMorgan aims to significantly enhance the efficiency and creativity of its employees while ensuring the use of the latest technology in a highly competitive market environment.