According to Bloomberg reported yesterday evening, JP Morgan Chase CEO Jamie Dimon in yesterday’s interview with Bloomberg TV talked about their views on AI.
Thanks to technology, your kids will live to be 100 and won't get cancer. And, in fact, they may only have to work three and a half days a week.Jamie Dimon also said that AI is “key to the future success” of his company. According to him, AI can be used to help companies develop new products, drive customer engagement, improve productivity and enhance risk management. Thousands of employees at his bank are already using AI, and it will “dramatically improve” the quality of life for employees, even if some jobs may be eliminated.
But he also mentioned concerns about AI. “Technology has done incredible things for humanity, but, you know, airplane crashes, drug abuse, there are negative impacts, and the biggest negative impact of AI, in my opinion, is that it’s being used by bad people to do bad things.”
Earlier, Jamie Dimon also devoted “an entire chapter” to AI in JPMorgan’s shareholder letter this year, and claimed that JPMorgan’s efforts in AI are absolutely necessary.
Wall Street Journal, citing sources familiar with the matter, said JPMorgan Chase had restricted the use of ChatGPT employees, the source said, JPMorgan Chase is not because of any specific incident to limit the use of ChatGPT employees, but reflects the normal control of third-party software. It has not been possible to determine how many of the company’s employees are using ChatGPT or for what purpose.
As CNBC reported in May, JPMorgan was developing an AI chatbot product similar to ChatGPT that would rely on “disruptive” AI to select investments for clients. According to its filing with the Bank of New York, the firm applied for a trademark called IndexGPT, which will use “cloud computing software using AI” to “analyze and select securities that meet the needs of customers.
According to Josh Gerben, a trademark agent in Washington, D.C., JPMorgan could be the first financial firm to release a GPT-like product directly to clients.
