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Digital & AI Strategy | Steer SAP S4 HANA Transformations | Cloud Platforms | Board Advisor | AI capability Services | Platform Integration | TOM | Strategic Partner in PE/M&A/IT Carve-Outs

Early AI Adopters Are Set to Lead – Follow J.P. Morgan’s Bold Move and Transform Your Industry! J.P. Morgan has rolled out its proprietary AI chatbot, LLM Suite, to 50,000 employees, revolutionizing the way asset and wealth division tasks are handled. According to an internal memo seen by the Financial Times, this AI can assist with writing, idea generation, and document summarization. It’s like having a research analyst at your fingertips, providing information, solutions, and advice on various topics. Here are some key points: Tech Investment: J.P. Morgan is spending around $17 billion on technology this year, with 2,000 AI/ML experts and data scientists on board. CEO Insights: Jamie Dimon emphasized the comprehensive integration of AI across processes like errors, trading, hedging, and research. Industry Trends: Following suit, Morgan Stanley has also introduced its own AI assistant, "Debrief," for wealth advisors. The move highlights the growing importance of AI in finance, with top Wall Street firms heavily investing in these technologies to stay ahead. 💡 Artificial Intelligence meets Finance – The future is here! photo - https://lnkd.in/euzyF_HQ 🔗 Read more on ThinkAdvisor, Verdict #AI #Finance #JPMorgan #Innovation #ArtificialIntelligence #WealthManagement #TechnologyInFinance

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Devraj Banerji

SAP Programme Director | Large Scale Business Transformation

4mo

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