JP Morgan Chase It has been reported that they have announced a tool that utilizes artificial intelligence. design Promote thematic investment.
a tool called Index GPToffers thematic investment baskets created by . assistance OpenAI‘s GPT-4 Model, Bloomberg reported on Friday (May 3).
According to the report, IndexGPT creates these thematic indexes by generating a list of keywords related to a particular theme, and then analyzes it using a natural language processing model that scans news articles to find out more about that field. The company will identify the companies involved.
This tool allows you to: Selection of A wider range of stocks, beyond the obvious choices that are already well-known. Louis FernandezJP Morgan’s head of market deal structure told Bloomberg.
Thematic investing, which focuses on emerging trends rather than traditional industry sectors or company fundamentals, has gained popularity in recent years.says the report..
The popularity of thematic funds soared in 2020 and 2021, with retail investors spending billions of dollars on products based on a variety of themes. However, interest in these strategies has waned due to poor performance and rising interest rates, according to the report.
JPMorgan Chase’s IndexGPT aims to reignite interest in thematic investing by providing a more accurate and efficient approach.according to the report.
AI is widely used In the financial industry, offering capabilities such as trading, risk management, and investment research, the rise of generative AI tools is opening up new possibilities for banks and financial institutions.says the report..
Fernandez said he believes IndexGPT is the first step. long process The bank is integrating AI across its index products, according to the report. JPMorgan Chase aims to continually improve its products, from equity volatility products to commodity momentum products, in a gradual and deliberate manner.
Another development of this technology in the investment field is morgan stanley In September, Assistant powered by AI For financial advisors and their support staff. This tool, AI @ Morgan Stanley Assistant, provides easy access to 100,000 research reports and documents.
In the world of venture capital, AI has become a tool for increasing knowledge. investment decision. VC firms use this technology to analyze vast amounts of data about startups and market trends, helping companies identify the most promising opportunities and make better-informed decisions about where to allocate their funds. We support you to do so.
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