JPMorgan Chase is leaning into the artificial intelligence boom in a way that could make some financial advisors uneasy. The firm, which topped the first-ever ranking of A.I. progress among banks this year, is creating an A.I. tool to help investors pick stocks.
On May 11, JPMorgan filed a trademark application with the U.S. Patent and Trademark Office for "IndexGPT," an A.I. software service that can be used for the “selection of financial securities and financial assets.” The filing was first cited in a CNBC report.
