Finserv giant JPMorgan Chase filed a trademark application for IndexGPT, marking its entry into the race to build a generative AI tool for business purposes.<\/p>\n
The trademark application was filed<\/a> with the United States Patent and Trademark Office (USPTO) on May 11 for the characters “IndexGPT,” which according to JPMorgan, is to be used in commerce.<\/p>\n The image above shows the text in standard characters that was accompanied with JPMorgan’s trademark application \u2014 “without claim to any particular font style, size, or color.”<\/p>\n IndexGPT will be used across various business units, including advertising, business consulting and various finance-focused software as a service (SAAS) services among others.<\/p>\n JPMorgan’s trademark filing is reflective of the thoughts of its CEO Jamie Dimon on artificial intelligence (AI)<\/a>, In April, Dimon revealed that the company has over 300 AI use cases in production for risk, prospecting, marketing, customer experience and fraud prevention. He stated<\/a>, <\/p>\n \u201cAI and the raw material that feeds it, data, will be critical to our company’s future success \u2014 the importance of implementing new technologies simply cannot be overstated.\u201d<\/p><\/blockquote>\n JPMorgan plans to empower its employees with ChatGPT and other large language model tools. <\/p>\n Related: <\/em><\/strong>7 ChatGPT plugins to enhance productivity<\/em><\/strong><\/a><\/p>\n While tech giants across all business verticals are fast-tracking their way into adopting generative AIs, Apple took a U-turn by restricting the use of ChatGPT and similar tools. <\/p>\n An internal document revealed Apple’s concerns about possible compromise of sensitive data<\/a>, <\/p>\n While highlighting the fears of exposing confidential data, Apple also specifically restricted the use of GitHub’s AI tool Copilot, a Microsoft-owned application that automates writing software code.<\/p>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-05\/13bf13c7-174b-4792-aa8b-c76eadc8f764.png\"\/)