IT Home On May 20, it was reported that JPMorgan Chase&Co., one of the largest financial services institutions in the United States, would let all new employees receive AI training to deal with this disruptive technology, which was compared to printing and steam engine by CEO Jamie Dimon.
Source Pexels "All employees joining this year will receive the training of 'Prompt Word Engineering' to prepare for the future AI era," Mary Erdoes, head of JPMorgan's asset management department, said at the investor conference held on Monday.
Ms. Erdos pointed out that AI is playing a role in saving time and improving revenue in her department. Through AI, bankers can quickly retrieve potential investment information when talking to customers, thus reducing the tedious information searching process in the past. In addition, AI can also eliminate repetitive and mechanical work, which has saved some analysts two to four hours of working time every day.
Daniel Pinto, president of JPMorgan Chase, said at the event that they expected this emerging technology to bring benefits of 1 billion to 1.5 billion dollars to the company, and AI would have a "very, very" big impact on the company's 60000 developers and 80000 employees in the operation and call center (IT home note: accounting for nearly half of the company's employees).
Interestingly, Ms. Erdos played a song when she walked to the platform. She said that the song was generated by inputting the presentation into a large language model, which shows that AI has quietly penetrated all levels of JPMorgan Chase.
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