AI At JPMorgan Chase—Breadth, Depth And Change

“Most large banks in the US are pursuing AI fairly assiduously, but JPMorgan Chase stands out for the depth of its commitment to the technology
JPMorgan Chase spends $11 billion a year on technology, and about half of that amount is devoted to research on new and emerging technologies.
In 2018 the bank brought in Manuela Veloso, then head of machine learning at Carnegie Mellon, to head the JP Morgan AI Research organization.
Also in 2018, Apoorv Saxena was recruited to lead a Silicon Valley-based “AI and Machine Learning Services” organization.
Within Chase, there is an AI/ML Council that meets monthly to discuss projects and assess emerging challenges.”