IndexGPT

JPMorgan has introduced IndexGPT, a thematic investment tool leveraging OpenAI's GPT-4 model.

This tool creates thematic investment baskets by generating keywords associated with emerging trends.
Instead of traditional industry sectors or company fundamentals, IndexGPT identifies investments based on these emerging trends.
This initiative reflects Wall Street's eagerness to capitalize on AI-driven advancements in the finance sector.
The utilization of AI tools like generative AI marks a significant transformation in banking functions.
Thematic funds experienced heightened interest, but interest waned due to factors like poor performance and higher interest rates.