Recently JPMorgan (ticker: JPM) applied for a trademark on “IndexGPT.” The filing mentions that this will be for a system using artificial intelligence to select financial securities. It also notes that the technology will involve “Generative Pre-trained Transformer models,” which are at the heart of ChatGPT.
While generative AI is still in the early phases, the technology is making significant headway. Wealth management and financial services appear to be poised for a major impact.
Scott…
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