JPMorgan Chase (JPM.N), has begun rolling out a generative artificial intelligence (AI) product, telling employees that its own version of OpenAI's ChatGPT can do the work of a research analyst, the Financial Times reported on Friday.
The lender, the biggest in the United States, has given employees of its asset and wealth management division access to a large language model called LLM Suite, that helps them with writing, idea generation and summarising documents, the report said, citing an internal memo seen by FT.
Rival U.S. investment bank Morgan Stanley (MS.N), partnered, with OpenAI and rolled out a GenAI powered chatbot last September, offering financial advisors quick access to all of Morgan Stanley's intellectual capital.
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