JPMorgan is rolling out AI across its IB business globally
saw the headlines. I'm at an EB with a standard chat-box. JPM Tooling any different? Anything special it can do? Looking to hear form people with first hand experience. No guess work pls thnx.
https://finance.yahoo.com/sectors/technology/articles/jpmorgan-rolls-ai…
This isn't novel or new. All the BBs have been rolling out ChatGPT, Claude (standalone and in MS Office), in-house tools, etc. for the last 6-12 months at least.
Thanks for clarifying. They made it seem like there was some new edge they had developed.
Any specifics on the tooling you mention? Or do they just mean a closed ended internal MCP for the chat boxes to connect to. Which as you said has been around for some time now.
I don't know what a closed ended internal MCP is or means. We literally use ChatGPT on the ChatGPT website.
Gotcha, don’t worry it’s not worth knowing. No real productivity gains in excess of what you can already do on the website. More of a compliance thing or just another AI CapEx sink to appease the shareholders
MCP is gamechanger if you have tokens to burn. Imagine you are in IB and your MD asks you to “find every LNG precedent with Japanese counterparties since 2018” or “surface every internal deck mentioning this sponsor”
You dump it into the LLM, it searches your dealfolders, finds the relevant data and spits it back out. The AI layer combined with private, institutional data makes it wayyy better than the models trained on public info.
That's the goal. Haven't seen it anywhere at scale. At my EB we have a group specific server the tech team put together so far.
Close ended MCP is pretty much a big deal if true. When I was there at JPM last summer the LLMsuite was primitive, but powered by frontier LLMs like ChatGPT.
My main irk was Claude and the likes where so powerful on my personal Mac and could interact with files and apps through MCP and compliance would never allow that stuff. Even using ChatGPT the website was blocked and I had to use it on my phone.
On my personal machine I have used MCP tools to build my own wiki style databases in Obsidian which the model uses as context (Search what the Singapore’s Chief Justice is doing with AI it's similar).
Heading back there this summer for FT, so let's hope its better.
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