JPMorgan Chase Aims to Revolutionize Finance with IndexGPT: AI-Powered Investment Advice Tool

Leading Bank Files Trademark Application for IndexGPT, a Game-Changing AI Tool Set to Provide Personalized Investment Recommendations

The largest bank in the United States, JPMorgan Chase, filed a trademark application with the U.S. Patent and Trademark Office (USPTO) for a product they called IndexGPT. It is based on the use of artificial intelligence (AI) applied to finance.

- Advertisement -

The application was filed on May 11 of this year by the well-known bank. According to the description of the product in the USPTO, it is a tool whose purpose is to provide investment advice to its users.

IndexGPT is based on a pre-trained generative transformer model (GPT), similar to ChatGPT. This uses cloud computing and data analytics to select and recommend securities tailored to customers’ needs and profiles.

IndexGPT is still under development and, at the moment, there is no information on its official launch date. It is also not known if it will be an exclusive tool for JP Morgan Chase employees or if its clientele will have direct access to it.

If the launch of IndexGPT achieves an impact equivalent to that of ChatGPT, it could bring about a revolution in the financial sector. This is because it would offer personalized, instant, artificial intelligence-based advice.

Jamie Dimon, CEO of JPMorgan Chase, spoke about artificial intelligence in a letter to the institution’s shareholders in April this year. In it, he said that “AI and the raw material that fuels it, data, will be critical to the future success of our business.”

This statement by the executive reflects the bank’s interest in taking full advantage of the latest technological advances.

- Advertisement -

READ ALSO

Previous Articles:

- Advertisement -

Latest News

Ghana to License Crypto Platforms Amid Surging Digital Demand

Ghana plans to introduce licenses for cryptocurrency platforms following a rise in digital asset...

DFINITY Launches Public Real-Time Access Logs for ICP Network

The Internet Computer Protocol (ICP) has reached the Levitron milestone, enabling real-time public access...

MoonPay Launches Global Solana Staking With 8.49% APY Offer

MoonPay has launched global staking for Solana (SOL), available in over 100 countries including...

io.net Launches Training as a Service for Models and Agents

io.net launched its Training as a Service (TaaS) tool, offering developers a unified platform...

Bitcoin Volatility Hits Record Correlation With Wall Street’s VIX

Bitcoin’s volatility is now closely linked to movements on Wall Street.The 90-day correlation between...

Must Read

8 Best Bitcoin Offshore Hosting Providers

In this blog post, we'll list the top 8 best bitcoin offshore hosting providers that accept Bitcoin and other cryptocurrencies.As Bitcoin continues to grow...