JP Morgan to Launch AI-Powered Virtual Assistant for Corporate Payments

JP Morgan Chase recently unveiled its plans to use a virtual assistant powered by artificial intelligence, said to be a first in the world of corporate payments.

The machine, which is intended to answer customer queries and needs, is currently in its trial stages and is being trained using select clients. The investment banking firm says that it may be ready to release the AI assistant to more companies by next year.

It is said that JP Morgan’s latest efforts towards automation will aid its operations in the treasury services division where it moves an average of $5 trillion daily for corporate clients such as Honeywell International and Facebook.

Source: CNBC