Bank

Bitcoin

JPMorgan Chase &amp; Co. is finally revealing the product that will wear the term “IndexGPT,” a year after a flurry of rumors about its trademark application and the phrase about an unidentified artificial intelligence-powered tool surfaced. 
IndexGPT is a series of thematic investment portfolios developed in collaboration with OpenAI’s GPT-4 model. This innovative tool utilizes keywords related to a specific theme, which a natural language processing model analyzes to identify relevant companies mentioned in news articles. 
Essentially, it is a highly automated method of generating so-called thematic indexes, which pinpoint investments predicated on up-and-coming trends like cloud computing, e-sports, or cybersecurity, as opposed to conventional industry categories or business fundamentals. 
Wall Street is capitalizing on the investor frenzy for AI, seen as a catalyst for economic growth, driving US stocks to record highs with big tech leading the charge. While IndexGPT isn’t a financial revolution, it’s part of the ongoing AI-driven efforts in finance. Validating use cases remains a challenge due to stringent regulations and potential costly missteps. 
JPMorgan’s head of markets trading structuring, Rui Fernandes, claims that IndexGPT is just the beginning of a lengthy journey to include AI in its index offering.&nbsp; 
He stated in an interview, “It’s about being able to select a broader range of stocks that are not necessarily the obvious companies that everyone already knows about. We are constantly looking for ways in which we can improve all our offerings, from equity volatility products to commodity momentum products. But we want to do it in a gradual, thoughtful, progressive way.” 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/21/deutsche-bank-bullish-on-bitcoin-post-halving-jpmorgan-skeptical/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin Price Projections: JPMorgan vs Deutsche Bank</a> 
</blockquote>

JPMorgan Unveils IndexGPT, AI-Powered Investment Portfolios

The Crypto Times

Outros artigos publicados em 3 de mai. de 2024

Shiba Inu Team Announces Completion of Shibarium Hard Fork

BlackRock Witnessed First Outflow: Is Bitcoin’s Price The Reason?

How Does Bitcoin’s Recent Dip Impact Investors?

Cardano Foundation Partners with Dubai Blockchain Center to Boost Blockchain Education

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800% Amid New Margin Pair Listing On Kraken

Whale Transfers Influence Ripple’s XRP Value

Join our free newsletter for daily crypto updates!