JPMorgan is acquiring a ChatGPT-like A.I. assistance that offers investment tips

Crucial Points

JPMorgan Chase is building a ChatGPT-like program provider that leans on a disruptive sort of synthetic intelligence to pick out investments for shoppers, CNBC has acquired.
The business utilized to trademark a item named IndexGPT before this month, in accordance to a filing from the New York-dependent lender.
“It truly is an A.I. system to select monetary securities,” stated trademark law firm Josh Gerben. “This seems to me like they are seeking to place my money advisor out of business enterprise.”

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Key Points Investors are now valuing Alibaba-backed Moonshot AI at $4.8 billion, two people familiar with the matter told CNBC. It’s a $500 million increase in the valuation the startup achieved last month. The investor interest comes after two rival Chinese AI companies — Zhipu and MiniMax — surged after going public in Hong Kong […]

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