JPMorgan may make AI-based investment advisor, applies trademark

JPMorgan Chase & Co has applied to trademark a product called IndexGPT, indicating that it may be working on developing a ChatGPT-like chatbot that gives investment advice. IndexGPT will tap in to "cloud computing software" for "analysing and selecting securities tailored to customer needs", according to JPMorgan's filing. Goldman Sachs and Morgan Stanley have reportedly begun testing IndexGPT.