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JPMorgan Develops IndexGPT, a Neural Network for Various Business Applications

  • It will be a universal tool from the banking giant
  • It will cover different services and businesses

We recently wrote that JPMorgan introduced JPMorgan ChatGPT, a customized version of ChatGPT for tracking market metrics.

But the banking giant is not stopping there. They are preparing their own development and have already applied for registration. It will be a neural network called IndexGPT.

The AI tool will help in various business departments, including consulting, marketing and various financial products.

Previously, JPMorgan executives said they have 300 options to use AI. Neural networks will help find customers, manage risk, improve marketing and customer service, and prevent crime.

This is a comment from CEO Jamie Dimon:

“Artificial intelligence and the data that fuels it will be critical to our future success-the importance of implementing new technology simply cannot be overstated.

The artificial intelligence-related cryptocurrency has seen significant value growth lately. This is due to the growing demand for Nvidia chips that support artificial intelligence applications.

In general, AI technology is becoming increasingly popular. This is shown by Google Trends queries. But interest in bitcoins has fallen to the lows of 2020.