JPMorgan Chase is collaborating with U.S. regulators to prepare for the launch of its first generative AI project. The bank aims to have appropriate controls in place when releasing generative AI products. JPMorgan's Chief Information Officer stated that they are helping regulators understand how generative AI models are built. The bank is testing an AI application that generates earnings summaries for all its companies. Additionally, JPMorgan is developing an AI assistant that provides precise steps to resolve customer issues.