NEW YORK — JPMorgan Chase is deploying AI to help investors research the likeability and growth trajectory of companies.
The $3.5 trillion bank created its AI-driven “social calculator” to track positive, negative and neutral social media comments about companies, Manuela Veloso, head of AI research at JPMorgan Chase, said at the AI for Financial Services 2024 conference on June 12.
“The calculator gives us an index of whether the world likes [a company like] Apple or it doesn’t like Apple,” Veloso said, noting that positive feedback online is an indicator that a company has growth potential.
The tool allows JPMorgan analysts to better evaluate companies and build out company profiles for potential investors, she said.
Recent investments by JPMorgan Chase include:
- Public dealership group Group 1 Automotive;
- Financial education company Homewise;
- Green energy company Arcadia; and
- Telecom company Tilman Infrastructure.
AI for research
The New York-based bank is also deploying AI for public data discovery, creating standardized data about organizations for analysis, Veloso said
The bank is also using synthetic data to create test documents and train its AI models to scan information and implement the models in real-life cases to increase operational efficiency, Veloso said.
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