JPMorgan May Be Building a ChatGPT-Style Tool for AI-Powered Investing

• JPMorgan is developing a ChatGPT-style AI tool for investing, a trademark application suggests.
• The bank has applied to trademark the name “IndexGPT.” The filing was first reported by CNBC.
• ChatGPT can offer generic investing tips but can’t yet pick stocks effectively, some analysts say.

JPMorgan appears to be working on an artificial-intelligence tool similar to ChatGPT that can pick stocks, bonds, and other investments for its clients.

The banking titan applied to trademark the name “IndexGPT” for the software program earlier this…