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.


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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.


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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.


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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.”

About author

Matthew Griffin

Matthew Griffin, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the World Futures Forum and the 311 Institute, a global Futures and Deep Futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future” series. Regularly featured in the global media, including AP, BBC, Bloomberg, CNBC, Discovery, RT, Viacom, and WIRED, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Aon, Bain & Co, BCG, Credit Suisse, Dell EMC, Dentons, Deloitte, E&Y, GEMS, Huawei, JPMorgan Chase, KPMG, Lego, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, T-Mobile, and many more.

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