JPMorgan Chase blueprint to become first fully AI-powered megabank
The post JPMorgan Chase blueprint to become first fully AI-powered megabank appeared on BitcoinEthereumNews.com.
Deep within the bowels of JPMorgan Chase’s data centers and cloud providers, an artificial intelligence program crucial to the bank’s aspirations grows more powerful by the week. The program, called LLM Suite, is a portal created by the bank to harness large language models from the world’s leading AI startups. It currently uses models from OpenAI and Anthropic. Every eight weeks, LLM Suite is updated as the bank feeds it more from the vast databases and software applications of its major businesses, giving the platform more abilities, Derek Waldron, JPMorgan chief analytics officer, told CNBC in an exclusive interview. “The broad vision that we’re working towards is one where the JPMorgan Chase of the future is going to be a fully AI-connected enterprise,” Waldron said. JPMorgan, the world’s largest bank by market capitalization, is being “fundamentally rewired” for the coming AI era, according to Waldron. The bank, a heavyweight across Main Street and Wall Street finance, wants to provide every employee with AI agents, automate every behind-the-scenes process and have every client experience curated with AI concierges. If the effort succeeds, the project could have profound implications for the bank’s employees, customers and shareholders — even the nature of corporate labor itself. Waldron, who gave CNBC the first demonstration of its AI platform seen by any outsider, showed the program creating an investment banking deck in about 30 seconds, work that would’ve previously taken a team of junior bankers hours to complete. Out of the box Since the arrival of OpenAI’s ChatGPT in late 2022, optimism over generative AI has driven markets higher on gains from the tech giants and chip makers closest to the trade. Underpinning their growth is the expectation that corporate clients deploying AI will either boost worker productivity or lower expenses through layoffs — or both.…
Filed under: News - @ September 30, 2025 12:27 pm