JPMorgan applies for patent on ChatGPT-like tech for investment advice


Dive Brief:

  • JPMorgan Chase applied this month to trademark technology it calls IndexGPT. It would use ChatGPT-like artificial intelligence to select investments for customers, according to a U.S. Patent and Trademark Office filing seen Thursday.
  • Widespread use of OpenAI’s ChatGPT, beginning last year, has shown the potential for disruption in the financial services space. The technology has caught the attention not just of companies but regulators, too. Consumer Financial Protection Bureau Director Rohit Chopra said last month his…

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Why Google Won’t Fight AI Competitors Like ChatGPT Over Patents

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JPMorgan’s plans for a ChatGPT-like investment service are just part of its larger AI ambitions