HT TECH wants to start sending you push notifications. Click allow to subscribe

JPMorgan’s Says Every New Hire Will Get Training for AI

JPMorgan Chase & Co. 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.

By: BLOOMBERG
Updated on: May 20 2024, 19:44 IST
JPMorgan’s Says Every New Hire Will Get Training for AI

JPMorgan Chase & Co. 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.

You may be interested in

Mobiles Tablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
4% OFF
Samsung Galaxy S24 Ultra
  • Titanium Black
  • 12 GB RAM
  • 256 GB Storage
₹129,999₹134,999
Buy now
Vivo X100 Pro 5G
  • Asteroid Black
  • 16 GB RAM
  • 512 GB Storage
₹89,999
Check details
13% OFF
Xiaomi 14
  • Matte Black
  • 12 GB RAM
  • 512 GB Storage
₹69,999₹79,999
Buy now
Acer Swift Go SFG14 41 NX KG3SI 002 Laptop
  • Pure Silver
  • 8 GB RAM
  • 512 GB SSD
₹54,990
Check details
Acer Aspire 5 A515 57G Laptop Core I5 12th Gen 16 GB 512 GB SSD Windows 11 UN K9TSI 002
  • Gray
  • 16 GB RAM
  • 512 GB SSD
₹54,990
Check details
Asus VivoBook 15 X515JA BQ322WS Laptop
  • Transparent Silver
  • 8 GB RAM
  • 512 GB SSD
₹32,990
Check details
38% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹32,790₹52,999
Buy now
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹26,999
Check details
38% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹34,000
Buy now
28% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹17,999₹24,999
Buy now
Honor Pad X9
  • Gray
  • 4 GB RAM
  • 128 GB Storage
₹15,999
Check details

Erdoes said AI is helping on two fronts in her division: time saving and revenue growth. The business is reducing time spent “hunting and pecking,” she said, by enabling bankers to pull up certain information on potential investments while clients are on the phone. It’s also getting rid of “no joy work” by eliminating repeatable, rote tasks. That has already saved some analysts two to four hours of their workdays, according to Erdoes.

Also read: Looking for a smartphone? To check mobile finder click here.

JPMorgan sees the emerging technology as worth between $1 billion and $1.5 billion, President Daniel Pinto said at the event. AI will have a “very, very” large impact for the firm’s 60,000 developers and 80,000 operations and call-center employees — nearly half the company.

As a nod to how AI has seeped into all aspects of life at JPMorgan, Erdoes walked to the podium accompanied by a song she said was generated by feeding the slide deck into a large-language model.

Read More: Jamie Dimon Has a New Vision for Money in an AI Banking World

This article was generated from an automated news agency feed without modifications to text.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 20 May, 19:44 IST

Sale

Mobiles Tablets Laptops
4% OFF
Samsung Galaxy S24 Ultra
  • Titanium Black
  • 12 GB RAM
  • 256 GB Storage
₹129,999₹134,999
Buy now
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
17% OFF
Xiaomi 14 Ultra
  • Black
  • 16 GB RAM
  • 512 GB Storage
₹99,999₹119,999
Buy now
9% OFF
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹82,000₹89,900
Buy now
33% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹26,999₹39,999
Buy now
53% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹21,999₹47,000
Buy now
36% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹18,699₹28,999
Buy now
63% OFF
Lenovo Tab M9
  • Frost Blue
  • 3 GB RAM
  • 32 GB Storage
₹8,999₹24,000
Buy now
28% OFF
Infinix INBook X1 Neo XL22 Laptop Intel Celeron Quad Core 8 GB 256 GB SSD Windows 11
  • Blue
  • 4 GB RAM
  • 128 GB SSD
₹21,490₹29,990
Buy now
36% OFF
Infinix INBook X1 Pro Laptop
  • Black
  • 8 GB RAM
  • 256 GB SSD
₹44,990₹69,999
Buy now
29% OFF
Asus VivoBook 15 X515JA EJ522TS Laptop
  • Grey
  • 8 GB RAM
  • 512 GB SSD
₹44,689₹62,889
Buy now
34% OFF
Asus ROG Strix G17 G713QM K4215TS Laptop
  • Black
  • 16 GB RAM
  • 1 TB SSD
₹180,990₹272,990
Buy now
NEXT ARTICLE BEGINS