JPMorgan Chase is discussing its generative AI projects with regulators
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According to Bloomberg News, U.S. banking giant JPMorgan Chase is collaborating with regulatory authorities to prepare for the launch of its first generative artificial intelligence project. JPMorgan Chase aims to ensure appropriate controls are in place when rolling out generative AI products. The company's Chief Information Officer stated that they are assisting regulatory bodies in understanding the methods of constructing generative AI models. JPMorgan Chase is testing an AI application capable of generating earnings summaries for each of the bank's companies, and is also developing an AI assistant that provides precise steps to resolve customer issues. This marks a significant acceleration in the banking industry's embrace of generative AI.
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