July 26 (Reuters) - JPMorgan Chase ( JPM ) has begun

rolling out a generative artificial intelligence (AI) product,

telling employees that its own version of OpenAI's ChatGPT can

do the work of a research analyst, the Financial Times reported

on Friday.

The lender, the biggest in the United States, has given

employees of its asset and wealth management division access to

a large language model called LLM Suite, that helps them with

writing, idea generation and summarising documents, the report

said, citing an internal memo seen by FT.

JPMorgan ( JPM ) started introducing LLM Suite to pockets of the

bank earlier this year and about 50,000 employees now have

access to it, the report added, citing people familiar with the

matter.

Rival U.S. investment bank Morgan Stanley ( MS ) partnered

with OpenAI and rolled out a GenAI powered chatbot last

September, offering financial advisors quick access to all of

Morgan Stanley's ( MS ) intellectual capital.

JPMorgan ( JPM ) did not immediately respond to a Reuters request

for comment.