Scroll Top

JPMorgan used ChatGPT to analyse decades worth of Fed speeches to find signals



The way that organisations and leaders talk can often give Wall Street subtle clues on the future of stocks, so banks are using new tools to analyse more financial data.


Love the Exponential Future? Join our XPotential Community, future proof yourself with courses from XPotential University, read about exponential tech and trendsconnect, watch a keynote, or browse my blog.

JPMorgan has announced that it’s built an Artificial Intelligence (AI) ChatGPT-based language model to analyse Federal Reserve statements and speeches in an effort to sniff out potential trading signals.


Meta's AI can now turn your text prompts into synthetic video on demand


The model scoured 25 years’ worth of Fed speeches to rank them on a “Hawk-Dove” score, says Bloomberg.

JPMorgan economists then plotted the index against asset performances and found that the AI could potentially help in predicting policy changes and be useful for trading.

In a note, the bank says “preliminary applications are encouraging,” and the model has already been expanded to cover the European Central Bank and the Bank of England, with more central banks to follow.


A new AI tutor is going to be teaching coding at Harvard this semester


ChatGPT is widely seen as having a huge number of applications in financial services but firms, including JPMorgan, have been cautious about using it up until now because of the unknowns about data privacy and data accuracy.

In February, it emerged that the bank is restricting employees’ use of the AI-powered chatbot amid concerns over issues such as bias and accuracy, and a regulatory landscape still adapting to the technology.

In his annual letter to shareholders, JPMorgan Chase boss Jamie Dimon revealed that the bank has more than 300 AI use cases in production, labelling the technology as “extraordinary and ground breaking.”

Related Posts

Leave a comment


1000's of articles about the exponential future, 1000's of pages of insights, 1000's of videos, and 100's of exponential technologies: Get The Email from 311, your no-nonsense briefing on all the biggest stories in exponential technology and science.

You have Successfully Subscribed!

Pin It on Pinterest

Share This