J.P. Morgan Names Prominent Academic to Lead Artificial Intelligence Research - News

J.P. Morgan announced that Dr. Manuela Veloso will be joining the Corporate & Investment Bank as the head of Artificial Intelligence (AI) Research. Veloso is currently the head of the Machine Learning Department at Carnegie Mellon University, widely considered the preeminent institution in the field. J.P. Morgan has already started to apply machine learning technology across its businesses and functions, and this expanded effort will be aimed at identifying further opportunities. A.I. is among the areas of investment within the bank's annual technology budget of $10.8 billion, with more than half earmarked for new investments. Veloso was named a Carnegie Mellon University Professor in 2014, the highest academic accolade bestowed by the university, and holds the Herbert A. Simon Chair in computer science.