JPMorgan CIO Says AI Holds Promise for Helping People Save

  • “JPMorgan Chase & Co. Chief Information Officer Lori Beer said artificial intelligence could help the bank develop new products and services for helping people build retirement savings, among other things.
  • About 25% of working Americans say they have no retirement savings at all and 44% worry that their saving isn’t on track, according to a recent Federal Reserve survey.
  • The bank, the country’s largest by revenue, processes $6 trillion in payments daily and has relationships with about half of U.S. households.
  • It stores about 390 petabytes—or 390 million gigabytes—of data”

Leave a Reply