JPMorgan Chase and Goldman Sachs are testing AI for operational efficiency.

1 report, 1 independent Updated Sep 24

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

JPMorgan Chase Goldman Sachs

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Part of

Major financial institutions, including JPMorgan Chase and Standard Chartered, are facing industry pressure regarding AI adoption and potential future workforce reductions.

Also in this story

Lenders, including JPMorgan Chase and Bank of America, are using AI platforms to deepen borrower data verification and improve underwriting.Jun 8

All 3 developments

The entities involved

JPMorgan Chase
American multinational banking and financial services holding company
- JPMorgan Chase reports employing over 12,500 people in New Jersey while simultaneously laying off employees in Jersey City.Tue 19:16
- Optimum Communications is based in Long Island City, and Apollo and JPMorgan Chase are identified as major creditors of the company.Tue 01:06
Goldman Sachs
American investment bank
- Rate cut expectations have shifted to rate increases due to the ongoing war in Iran, which has spiked inflation and commodity prices.Tue 23:36
- Adani, Bharti, and other companies benefit from AI infrastructure build out, with Goldman Sachs analyzing Indian AI exposure.Tue 21:51

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Coverage

Newest first; wire copies grouped

Sep 24aol.com