JPMorgan expands AI tool "Moneyball" for portfolio managers to improve decision-making and avoid errors.
JPMorgan is set to expand its AI tool "Moneyball" to aid portfolio managers in avoiding poor decisions, such as selling hot stocks prematurely. The tool, part of the bank's Spectrum portfolio management platform, uses 40 years of data and helps users correct for bias and improve their decision-making process. This move is part of a growing trend in the financial sector to use AI for more complex tasks.
June 02, 2024
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