JPMorgan Chase staff are getting a new AI assistant — powered by OpenAI
“JPMorgan Chase has introduced a new artificial intelligence assistant to help its employees with daily tasks, including drafting emails and reports. More than 60,000 employees, or about one-fifth of JPMorgan’s total headcount, already have access to LLM Suite, according to CNBC.”
S&P Global partners with Accenture, launches massive AI training program for 35,000 employees
“S&P Global, the financial data powerhouse, is making an audacious bet on artificial intelligence that could reshape how Wall Street analyzes data and makes decisions. In a sweeping initiative announced today, the company is partnering with Accenture to train all 35,000 of its employees in generative AI skills, a move that signals just how transformative S&P Global believes this technology will be for the financial services industry.”
Exclusive: How BNY’s new AI tool Eliza is minting an army of disposable assistants
“While most open-source AIs are essentially one-size-fits-all virtual assistants, Eliza lets employees create bespoke assistants (BNY prefers the term “agent”) and fill them with proprietary data in order to take on particular tasks. The agents operate much like the consultants who have long helped bankers by offering niche subject matter expertise on matters like payments, collateral and compliance. But unlike human consultants, Eliza’s army of agents are low cost and easy to cast aside when the task is done.”
Deploy AI Without Triggering Employee Alienation and Burnout
“As retail banks continue to invest in AI, it’s crucial to remember that technology alone is not a silver bullet for productivity challenges. To truly leverage AI’s power, banks must fundamentally shift how they organize talent and work. This includes embracing nontraditional talent models, co-creating productivity measures with employees, and building organizational fluency in skills-based approaches. Retail banks can create AI-enhanced work models that drive productivity while also prioritizing employee well-being and engagement. In doing so, they’ll be better positioned to deliver exceptional customer experiences and drive sustainable growth.”
Banking on AI: How ANZ’s employees are saving time and fostering deeper human connections with Copilot for Microsoft 365
“ANZ’s leadership in adopting generative AI is demonstrated by its deployment of GitHub Copilot to 3,000 software developers and engineers. This tool has already helped users generate millions of lines of code, and some early evidence shows that engineers complete some tasks up to 40 per cent faster. The banking group has also identified Copilot for Microsoft 365 as a key tool for enabling its employees to explore generative AI.”
CIBC Innovation Banking invests $10m in AI pioneer Boosted.ai for expansion
“The collaboration with CIBC Innovation Banking is poised to set new standards in the use of generative and agentic AI within the investment sector. Boosted.ai’s technology is particularly noted for its ability to sift through millions of financial documents swiftly, automating workflow and saving invaluable time for its clients.”