JPMorgan executive reveals what AI projects must prove to win funding

JPMorgan executive reveals what AI projects must prove to win funding

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Artificial intelligence has attracted enormous capital. But as spending increases, investors and lenders are becoming less interested in what an AI project could become and more interested in whether it can actually work economically. JPMorgan Co-head of Global Investment Banking Kevin Foley described this on CNBC’s “Squawk Box” on Sept. 1.  The money is there,…

JPMorgan Issues New Goals for Engineers to Boost Productivity With AI

JPMorgan Issues New Goals for Engineers to Boost Productivity With AI

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JPMorgan Chase’s message to its global armada of software developers is clear: embrace AI or risk falling behind. Internal company documents seen by Business Insider and posted to JPMorgan’s intranet for employees lay out a series of new expectations for the bank’s software engineering workforce, who comprise the majority of its 65,000-person-strong Global Technology division….