AI tool created by JPMorgan analyzes Fed speeches to signal trades
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Investment banking giant JPMorgan has reportedly unveiled an artificial intelligence (AI) tool to analyze Federal Reserve statements and speeches to detect potential trading signals.
On April 27, Bloomberg
JPMorgan is keen on AI applications for its benefit but not so keen on letting its employees use them.
In February, the company restricted its staff from using ChatGPT, according to reports. No particular incident spurred the decision to block employees from accessing the AI chatbot and other firms have made similar moves.
In an annual letter to shareholders earlier this month, JPMorgan CEO Jamie Dimon revealed that the bank has over 300 AI use cases in production.
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