PYMNTS.com November 9, 2023
JPMorgan Chase is reportedly working with American regulators as it prepares its inaugural AI projects.
The country’s largest bank wants to make sure proper controls are in place as it tries to get ahead of its competitors in launching artificial intelligence (AI) offerings, Lori Beer, the company’s chief information officer, said in an interview with Bloomberg News Thursday (Nov. 9).
“It’s about helping regulators understand how we build the generative AI models, how we control them, what are the new vectors of risk,” Beer said. “It’s not only what we need to think about, but what they should think about,” she said, adding that early engagement is crucial. “As we learn, we share those learnings.”
While many banks have been...
Today's Sponsors
Today's Sponsor