financial services

Financial services firms see genAI use cases leading to efficiency boom

Generative AI use cases are proliferating in financial services to illustrate a trend that's a bit counterintuitive--heavily regulated industries appear to be better set up for artificial intelligence because they have their data and controls in order.

JPMorgan Chase: Digital transformation, AI and data strategy sets up generative AI

By Larry Dignan

JPMorgan Chase will deliver more than $1.5 billion in business value from artificial intelligence and machine learning efforts in 2023 as it leverages its 500 petabytes of data across 300 use cases in production.