March 25 - 11:03
JPMorgan invests more in artificial intelligence
JPMorgan is ramping up its efforts in artificial intelligence. The bank is to award 47 financial grants for separate PhD research items on AI. It has set up the 'AI Research Awards', with winners backed to explore how AI and machine learning can be used in financial services. Last year it created a new AI division, while it spends $11.5 billion per year on technology development in total.
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