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JPMorgan Chase is immersing every new banking employee in artificial-intelligence training, preparing them for a technology chief executive officer Jamie Dimon has likened to the impact of the printing press and steam engine.
“This year, everyone coming in here will have prompt engineering training to get them ready for the AI of the future,” Mary Erdoes, who runs the asset- and wealth-management unit, said at the firm’s investor day Monday.
Paola Peralta is an Associate Editor at Employee Benefit News and has been with the team for five years. She is a proud UCF journalism graduate who got her start through a Dow Jones News Fund … Read full bio
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Plans for automation are in the works for multiple financial institutions, putting worker support roles in jeopardy.
CEO Mark Zuckerberg boasts systems can complete tasks as well as or even better than humans.
OpenAI has faced multiple lawsuits from content producers complaining that their work has been improperly used for AI training.
JPMorgan set a target last year of $1 billion in "business value" generated by AI in 2023, and the firm increased that goal to $1.5 billion at its investor day in May.
The Wall Street giant has seen a net outflow of 60 people to rivals such as Morgan Stanley and Citigroup.
