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openai-chatgpt-in60-4.jpg May 26

JPMorgan Is Developing A ChatGPT-like Service That Gives Investment Advice

  • JPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments for customers, CNBC has learned.
  • The company applied to trademark a product called IndexGPT earlier this month, according to a filing from the New York-based bank.
  • “It’s an A.I. program to select financial securities,” said trademark lawyer Josh Gerben. “This sounds to me like they’re trying to put my financial advisor out of business.”