JPMorgan Chase is planning to launch an AI-powered investment advice service similar to ChatGPT, an artificial intelligence technology. The company has applied to trademark a product called IndexGPT, which will use cloud computing software and AI to analyze and select securities based on customer needs. While other banks have been testing AI technology internally, JPMorgan may be the first to offer a GPT-like product directly to customers. This move has raised concerns among financial advisors who worry about being replaced by technology. JPMorgan has been actively exploring different use cases for AI and sees significant potential in GPT technology.

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