Jamie Dimon<\/a> told Bloomberg News that the bank would hire more AI specialists and fewer traditional bankers, following rival Standard \u200cChartered’s move to cut nearly \u20608,000 staff by 2030 as it boosts the use of AI.<\/p>\n“We are in the early phase adopting AI \u2060tools throughout our investment banking business globally but are excited by the developments,” Paul Uren, JPMorgan’s Asia Pacific head of investment banking, told Reuters.<\/p>\n
The Wall \u200bStreet \u200bbank is among select organizations permitted \u200bby startup Anthropic to use \u200cits powerful Mythos cybersecurity model under its controlled “Project Glasswing” initiative.<\/p>\n
Mythos, according to Anthropic, is capable of detecting decades-old vulnerabilities in web browsers, infrastructure and software. That sparked fears among cybersecurity experts that it could supercharge more sophisticated cyberattacks, posing a risk to the banking industry reliant on \u200clegacy technology.<\/p>\n
“Our AI tools enable us to \u200baccess more information and quickly synthesize it \u200bwithout internal systems,” Uren said, \u200bwithout specifying which AI tools bankers were using.<\/p>\n
“We’re finding \u200cthat AI streamlines the preparation \u200bof content and materials, \u200bas well as helping bankers engage with more clients more efficiently.”<\/p>\n
Apart from JPMorgan, Goldman Sachs, Citigroup, Bank of America and Morgan \u200bStanley have access to, \u200cor are testing, Mythos, Reuters reported, citing sources and company \u200bexecutives.<\/p>\n
(Reporting by Samuel Shen in Shanghai and Selena Li in \u200bHong Kong; Editing by Emelia Sithole-Matarise)<\/p>\n","protected":false},"excerpt":{"rendered":"By Samuel Shen and Selena Li SHANGHAI\/HONG KONG, May 21 (Reuters) – JPMorgan is implementing AI tools across…\n","protected":false},"author":2,"featured_media":601650,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[554,733,4308,26036,29495,86,52583,56,54,55],"class_list":["post-601649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-investment-banking","tag-jpmorgan","tag-technology","tag-tools","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/601649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=601649"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/601649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/601650"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=601649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=601649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=601649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}