JPMorgan Chase & Co. introduced an AI tool, LLM Suite, to asset and wealth-management staff for improved productivity, problem-solving, and idea generation, not containing specific divisional knowledge.
Jamie Dimon, CEO of JPMorgan, views AI as crucial, intending to integrate it into all bank processes. Banks like Citigroup are also leveraging AI to boost productivity and cost-efficiency, with potential job automation concerns.
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