This week, as a crew of scientists, tech leaders and AI pioneers issued a warning that artificial intelligence could lead to our extinction, the industry's biggest players continued to throw money directly into the Shoggoth's mouth.
JPMorgan Chase leaders say they're on track to invest a staggering $15 billion or more in technology in 2023, and the Wall Street giant expects its investments in data analytics and AI to deliver $1.5 billion in business impact by year's end.
JPMorgan's plans follow the news that Orion has a ChatGPT Integration. And Morgan Stanley investors being bullish on advisors leveraging AI. And Morningstar rolling out an entire AI buddy. And …, well, you get it. Whenever it feels like the AI conversation has reached an apex, a new summit on the horizon suddenly becomes scalable.
I wonder how high we'll eventually get?
With that in mind, AI will be a major topic during both days of Financial Planning's annual INVEST conference, which will be here before you know it! A panel on conversational AI; discussion on how these tools can support both advisors and clients; and an artificial intelligence roundtable are all on tap when INVEST kicks off June 12-13 at Hilton Midtown in New York City.
We're less than a month away, so register today! Special pricing is also now available for advisors and tech professionals.
Anything else on your mind? Drop me a line at justin.mack@arizent.com. Have a great weekend!
Regards,
Justin | | Justin Mack
Reporter, Financial Planning
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