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

Amber International Raises $25.5M to Grow $100M Crypto Reserve Fund

Amber International Holding raised $25.5 million in a private placement to expand its $100...

Traders Flock to Hyperliquid Apps Amid Hopes for Airdrop Rewards

Investors are moving millions into projects on the Hyperliquid blockchain in hopes of future...

Bank of Russia Rules Out Cryptocurrency Investments, Cites Risks

The Bank of Russia will not invest in cryptocurrencies.The central bank sees cryptocurrencies as...

Saylor Sets Sights on Making MicroStrategy a Leading Bitcoin Bank

MicroStrategy aims to become a major Bitcoin-backed bank, following early predictions from Hal Finney.Founder...

Senator Lummis Unveils Crypto Tax Bill With $300 Exemption Limit

Senator Cynthia Lummis introduced a bill to give U.S. crypto users new tax benefits.The...

Must Read

9 Best Trading Platforms for Crypto Beginners

Many newcomers to the crypto space are looking for platforms to buy, sell and exchange cryptocurrencies. While there are hundreds of crypto exchanges around...