JPMorgan Chase is fully committed to artificial intelligence (AI), spearheaded by CEO Jamie Dimon. Known as a "tremendous user" of technology, Dimon is eager to integrate AI into his phone. "He's been desperate to get it on his phone, " said Teresa Heitsenrether, JPMorgan's chief data and analytics officer, at the Evident AI Symposium. She mentioned it's a key goal to achieve by the year's end, as reported by Business Insider. Don't Miss: Would you invest in a new fund supported by Jeff Bezos that targets a 7-9% yield with monthly dividends? ‘Scrolling To UBI' — Deloitte's top-growing software company lets users earn money on their phones. You can invest now for $0. 26/share with a $1000 minimum. JPMorgan has rolled out its "LLM Suite, " a generative AI tool, to 200, 000 employees. These tools are already impacting how preparations for meetings with Dimon are improved via AI for conciseness and clarity, said Heitsenrether. This AI launch is part of JPMorgan's larger AI agenda. Dimon, earlier this year, compared AI's impact to revolutionary inventions like the steam engine and printing press. The bank's goal is to boost employee efficiency significantly, Heitsenrether said, envisioning AI's integration into daily tasks beyond simple document summarization. See Also: The global games market is expected to reach $272B by year's end — for $0. 55/share, a VC-backed startup with over 7M users offers easy access to this asset market. AI reception within JPMorgan has been "enthusiastic, " leading to a "healthy competition" among teams.

The wealth and asset management division initially tested a generative AI "copilot" during the summer, inciting interest from other departments. "When the investment bank found out, they said, ‘Well, wait a minute, we want to be on there too, '" Heitsenrether stated, noting the ensuing flywheel effect. To facilitate AI adaptation, JPMorgan provides training and has established "superusers"—the top 10% to 20% of employees eager to embrace the tech, acting as team experts. Legal staff quickly see the benefits, reducing contract review time from hours to minutes. Trending: The maker of the $60, 000 foldable home, with three factories and over 600 houses built, plans to address the housing challenge—and you can invest for $0. 80 per share today. However, there's some resistance. Heitsenrether acknowledged certain "pockets of resistance" but highlighted the importance of early engagement to unlock AI's potential. "Having it in your hands, I think, demystifies it quite a lot, " she noted. JPMorgan envisions more advancements. By next year, Heitsenrether hopes personal AI assistants will begin supporting employees in their unique roles. Still, this is an ongoing process. AI systems require a "human in the loop" to validate outputs, explained Sumitra Ganesh from JPMorgan's AI research team, equating the current phase to "training wheels. " Eventually, AI might become fully autonomous. For now, Jamie Dimon's phone is still waiting for AI integration. Read Next: