JPMorgan Chase invests in artificial intelligence startup Volley

NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N) has made a strategic investment in Volley.com, a San Francisco-based startup that uses artificial intelligence to help large enterprises automatically generate training content for employees, the companies said on Tuesday. The companies declined to disclose the size of the investment, but Volley said it will use the funding to double its team of less than 20 over the next nine months. JPMorgan's investment comes as banks increasingly look to use artificial intelligence to make better use of the growing amount of data that they hold across a variety of business lines, ranging from trading to compliance. The startup is developing software that can process data from disparate sources to create quizzes and other corporate training material such as cyber security or compliance courses. Its technology can help large companies, including banks, save money and time when creating educational content for employees, Volley founder and chief technology officer Carson Kahn said in an interview.