JPMorgan tech exec Teresa Heitsenrether talked about the bank’s ongoing adoption of generative AI.
The bank has rolled out its “LLM suite” to 200,000 employees.
Speaking at the Evident AI Symposium, Heitsenrether explained how it’s been taken up and by who.
Before a business review with JPMorgan CEO Jamie Dimon, Teresa Heitsenrether runs her presentation through one of the bank’s generative AI tools to help her pinpoint the message she wants to convey to the top boss.
“I say, what is the message coming out of this? Make it more concise. Make it clear. And it certainly has helped with that,” Heitsenrether, who is responsible for executing the bank’s generative AI strategy, told a conference in New York on Thursday.
Dimon himself is a “tremendous user,” she said, and is waiting for the ability to use the bank’s tools on his phone.
“He’s been desperate to get it on his phone and so that’s a big deliverable before the end of the year, ” Heitsenrether added.
JPMorgan, America’s largest bank, has now rolled out the LLM Suite, a generative AI assistant, to 200,000 of its employees.
The tools are the first step in adopting AI technology across the firm. Heitsenrether, JPMorgan’s chief data and analytics officer, speaking at the Evident AI Symposium, said that the next generation would go beyond helping employees write an email or summarize a document and link the tools with their everyday workflow to help people do their jobs.
“Basically go from the five minutes of efficiency to the five hours of efficiency,” she added, saying it will take time to reach that goal.
The response to the LLM rollout has been “enthusiastic” and has created “healthy competition” between teams, she said. The wealth and asset management arm was the first division to use generative AI, piloting a generative AI “copilot” for its private bank this summer.
“When the investment bank found out, they said, ‘Well, wait a minute, we want to be on there too,'” she said. “It does create a flywheel effect.”
JPMorgan offers courses and in-person training for employees to use the firm’s generative AI tools, such as how to prompt a chatbot properly, but the bank is also leaning on superusers, or the 10% to 20% of employees who are “really keen” to help with adoption.
“We embed people within different groups to be the local source of expertise to be able to help people that they work with understand how to adopt it,” Heitsenrether explained.
