JPMorgan is developing a ChatGPT-like bot for investment advice


JPMorgan is developing an AI-powered tool called IndexGPT.

A trademark application for the name was filed on May 11, as first reported by CNBC. According to the filing, the US banking giant is planning to use the ChatGPT-style tool to provide investment advice.

The bank’s application describes IndexGPT as a “cloud computing software using artificial intelligence” that can carry out “selection of financial securities and financial assets” and make investment choices “tailored to customer needs.”

JPMorgan has been vocal about its investment in AI


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