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JPMorgan Chase enters generative AI race with IndexGPT trademark

Finserv big JPMorgan Chase filed a trademark software for IndexGPT, marking its entry into the race to construct a generative AI device for enterprise functions.

The trademark software was filed with america Patent and Trademark Workplace (USPTO) on Might 11 for the characters “IndexGPT,” which based on JPMorgan, is for use in commerce.

The mark consists of normal characters, with out declare to any specific font fashion, measurement, or shade. Supply: USPTO

The picture above exhibits the textual content in commonplace characters that was accompanied with JPMorgan’s trademark software — “with out declare to any specific font fashion, measurement, or shade.”

IndexGPT might be used throughout varied enterprise items, together with promoting, enterprise consulting and varied finance-focused software program as a service (SAAS) providers amongst others.

JPMorgan’s trademark software for IndexGPT. Supply: USPTO

JPMorgan’s trademark submitting is reflective of the ideas of its CEO Jamie Dimon on synthetic intelligence (AI). In April, Dimon revealed that the corporate has over 300 AI use instances in manufacturing for danger, prospecting, advertising, buyer expertise and fraud prevention. He said:

“AI and the uncooked materials that feeds it, knowledge, might be crucial to our firm’s future success — the significance of implementing new applied sciences merely can’t be overstated.”

JPMorgan plans to empower its workers with ChatGPT and different massive language mannequin instruments.

Associated: 7 ChatGPT plugins to boost productiveness

Whereas tech giants throughout all enterprise verticals are fast-tracking their method into adopting generative AIs, Apple took a U-turn by proscribing the usage of ChatGPT and related instruments.

An inner doc revealed Apple’s issues about potential compromise of delicate knowledge.

Whereas highlighting the fears of exposing confidential knowledge, Apple additionally particularly restricted the usage of GitHub’s AI device Copilot, a Microsoft-owned software that automates writing software program code.

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