JP Morgan Chase Enters Generative AI Race
JPMorgan Chase filed a trademark application for IndexGPT, indicating its entry into the race to develop a generative AI tool for business purposes.
On May 11, JPMorgan filed a trademark application with the United States Patent and Trademark Office (USPTO) for the characters “IndexGPT,” which will be used in commerce.
IndexGPT will be used in a variety of business units, including advertising, business consulting, and financial software as a service.
JPMorgan’s trademark application reflects Jamie Dimon’s views on artificial intelligence (AI). Dimon revealed in April that the company has more than 300 AI use cases in production for risk, prospecting, marketing, customer experience, and fraud prevention.
(With inputs from Shikha Singh)
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