JPMorgan Chase names new head of AI unit

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JPMorgan Chase names new head of AI unit
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JPMorgan Chase has moved its global head of securities services into the role of chief data and analytics officer as the bank continues its artificial intelligence-related efforts.

, according to Dimon’s shareholder letter. He also referenced the numerous employees that the bank has working on AI-related efforts, including workers in data management, data science, machine learning engineering and AI research.JPMorgan Chase CEO Jamie Dimon says AI and the data it relies on"will be critical to our company’s future success."

"We’re imagining new ways to augment and empower employees with AI through human-centered collaborative tools and workflow, leveraging tools like large language models, including ChatGPT," he said at the time.created by OpenAI and backed by Microsoft, and the AI field as a whole have seen rapid growth in recent months, with many companies moving to capitalize and find applications for it.

The firm's moves on Wednesday, earlier reported by Bloomberg and Reuters, also involved having Marc Badrichani and Troy Rohrbaugh lead a combined unit of

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