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JPMorgan private bank uses AI for client onboarding and investment research

JPMorgan Chase's private bank is using artificial intelligence to onboard clients and conduct investment research, its Europe, Middle East and Africa head, Pablo Garnica, said, according to Bloomberg. The bank is applying AI to these and other tasks in an effort to increase wealth advisers' productivity.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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AI Capital
AI Capital

OpenAI lowers funding valuation target to $1.25tn

OpenAI has lowered the valuation it seeks in a new funding round to $1.25tn from $1.4tn after some investors resisted the higher price, the Financial Times reported, citing documents it reviewed. The company is close to raising u...

Capital AI
Capital AI

Baba raises $40 million Series A led by FirstMark

Baba raised $40 million in Series A funding led by FirstMark, Fierce Healthcare reported. The company develops AI tools that help Medicare and Medicaid patients connect with care teams and handle advocacy tasks, focusing on their ...

AI
AI

Claude deploys fix for errors affecting multiple models and services

Claude's status page said a fix had been deployed at 06:35 UTC on October 25 for errors affecting its services, with recovery still being monitored. The incident affects claude.ai, the Claude API, Claude Code and Claude Cowork. T...

Infrastructure
Infrastructure

Drone strike reportedly damages Russian finance ministry data center

Drones damaged a Russian Ministry of Finance data center near Gorodets that reportedly housed state registries, including the Federal Taxation Service's tax database, Tom's Hardware reported, citing Data Center Dynamics. The facil...