JPMorgan Chase has quietly introduced LLM Suite, an internal generative AI tool designed to assist employees, particularly those in asset and wealth management. This ChatGPT-like platform is capable of writing, generating ideas, and summarizing documents.
LLM Suite is believed to be one of the most extensive applications of large language models in finance
The tool has been rolled out to approximately 50,000 employees, representing about 15% of the bank’s workforce. While the company hasn’t disclosed specific details, LLM Suite is believed to be one of the most extensive applications of large language models in the financial industry.
This move follows similar trends in the banking sector, with Citigroup previously predicting that AI could automate up to 54% of banking jobs. As AI technology continues to advance, financial institutions are increasingly exploring ways to leverage its potential to increase efficiency and productivity.
(Via)
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