According to a report by the Financial Times today, JPMorgan Chase has begun to launch a generative AI product within the company and told employees that this "own version of ChatGPT" can complete the work of research analysts. ▲ Source JPMorgan Chase The report quoted an internal memo from JPMorgan Chase saying that the company has provided a large language model platform called LLM Suite to employees in its asset and wealth management department. Executives told employees that LLM Suite can help them write, generate ideas and summarize documents by accessing third-party models. LLM Suite…

According to Reuters today, starting from Tuesday local time, Wall Street began to be optimistic about Tempus AI, a genetic testing company supported by SoftBank. The company has an AI-driven clinical and molecular database and is believed to bring more powerful diagnostic and testing tools. Tempus AI is headquartered in Chicago, USA, and sells genomic diagnostic testing products to clinicians and hospital systems, covering oncology, psychiatry, radiology and cardiology. Seven brokerages including JPMorgan Chase, Morgan Stanley, Bank of America Global Research and Stifel gave the first...

JPMorgan Chase recently released a research report titled "In-depth exploration of power, cooling, grid and ESG impact". Analyst William Yang and his team said that AI data centers have attracted widespread attention due to their large electricity consumption, but people often overlook the fact that they consume a lot of water. The report cited data from Bluefield Research, which showed that from 2017 to 2022, the total water consumption of global data centers increased by 6% per year, and by 2030, water consumption may jump to 450 million gallons per day (Note: 1…

JPMorgan Chase & Co., one of the largest financial services institutions in the United States, will train all new employees in artificial intelligence (AI) to cope with this disruptive technology that CEO Jamie Dimon likened to printing and steam engines. Image source Pexels "All employees who join this year will receive 'prompt word engineering' training to prepare for the future AI era," said Mary Erdoes, head of JPMorgan Chase's asset management department...