Big bank eyes ChatGPT tech for investors -
JPMorgan applied to trademark “IndexGPT” earlier this month, according to paperwork filed with the U.S. Patent and Trademark Office.
New technology simplifying people’s access to buying and selling stocks has disrupted traditional trading in recent years. In 2021, people organizing on social media websites such as Reddit famously pumped up stocks, including Gamestop, through the use of Robinhood, a no-fee investment app available for download through Apple and Google’s app stores.
Online armies of retail investors have proven to be fast adopters of new technology and have likely already encountered generative AI tools. How JPMorgan envisions using generative AI tools and the audience the company expects to attract are not fully known. The company declined to comment on Friday.
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