tiede
JP Morgan is unleashing artificial intelligence on a business that moves $5 trillion for corporations every day
J.P. Morgan wouldn't disclose what it spent on this project but has said that 40 percent of its $10.8 billion annual technology budget is devoted to new efforts, including AI, robotic process automation and blockchain. "Based on your behavior each time, it will start to learn what you ask for," Tiede said in an interview. "We think there's a huge opportunity to suggest creative and insightful recommendations to clients. When you log in, it can say, 'Looks like you have sent 100 US dollar wires to Singapore. Do you know you could send a foreign-exchange ACH payment instead? Click here to sign up.'"