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.” Read more >>…
Tag: conversational ai
AI Weekly Spotlight – Aug 18
Fintechs ramp up lobbying over earned wage access, crypto, AI “Neobank Chime spent $1.05 million, nearly matching its total for 2022. PayPal spent more than $800,000, higher than the same time period during every prior year. And Block, which spent just under $1 million, hit its biggest six-month lobbying expenditure to date.” Read more >> AI in banking:…
Top 4 AI Banking Posts 7/21/24
Banks turn to Gen AI to protect customers from scams “Australian financial institutions are drawing on artificial intelligence to detect and repel increasingly sophisticated cyber hacking attempts. AI is being used to detect unusual behaviour and analyse millions of data points for suspicious activity. About 35 per cent of its incident response processes have been…
Nine Takeaways from Citi’s Deep Dive into Gen AI and Banking
“As the financial services industry evolves, retail banks must prioritize catching up with the rapid advancements in AI technology. The potential benefits of AI are too significant to ignore, and banks that fail to adapt risk falling behind their more innovative competitors. That said, any commitment to investment in AI must consider other technology priorities…
How Banks Can Get Past the AI Hype and Deliver Real Results
“Three Steps Towards Doing GenAI Right in Banking: 1. Ditch FOMO and get down to the basics of how GenAI fits your business plan and your bank. 2. Be ready to ask for the right help. 3. Be prepared for wholesale changes over time.” Read more: https://thefinancialbrand.com/news/data-analytics-banking/artificial-intelligence-banking/forrester-bank-genai-strategy-should-fit-tech-to-business-plan-179081/