ChatGPT effect: JPMorgan Chase working on IndexGPT AI chatbot to give investment advice to clients, report says

JPMorgan Chase, the renowned New York-based bank, is reportedly gearing up for its foray into the development of a software service that uses the power of cutting-edge artificial intelligence to guide investment decisions for its clients. According to a CNBC report, the financial giant has filed a trademark application for a product called IndexGPT.

According to the trademark filing, IndexGPT, similar to ChatGPT in functionality will essentially be a “cloud computing software using artificial intelligence.” It will be used for “analysing and selecting securities tailored to customer needs.”