01:48 PM EDT, 07/26/2024 (MT Newswires) -- (Updates with JPMorgan Chase's ( JPM ) response in the fourth paragraph.)

JPMorgan Chase ( JPM ) has unveiled a generative artificial intelligence tool that it said can do the job of a research analyst, various media outlets reported Friday.

The company is providing "many" asset and wealth management division employees with access to a large language model called LLM Suite, its version of OpenAI's ChatGPT, Bloomberg reported, citing a memo it has viewed.

The tool is for general-purpose productivity and doesn't have knowledge specific to the division, Bloomberg reported, citing the memo that was reported earlier by the Financial Times.

JPMorgan ( JPM ) declined MT Newswires' request for comment.

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