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AI goes into investing

JP Morgan Chase Acquires First Republic Bank After Collapse - Tekedia

As expected, AI is making its way into investing and JP Morgan is one of the earliest financial institutions to begin the dance. The company has filed a trademark on IndexGPT which sounds like what it means: use GPT-anchored technology to plan index funds! The future is indeed exciting.

JPMorgan Chase is looking to innovate how clients select investments with a "ChatGPT-like" software service, CNBC reports. The firm this month filed to trademark a product called IndexGPT that, according to the application, would harness artificial intelligence to pick securities "tailored to customer needs." One trademark expert believes JPMorgan could become the first financial heavyweight to offer an AI product directly to customers; the bank will have to launch IndexGPT within three years to secure the trademark.