JPMorgan Discussing Its Generative AI Projects With Regulators (1)

JPMorgan Chase & Co. is working with US regulators and walking them through its first set of generative AI pilot projects to ensure all controls are in place, as the bank attempts to bound ahead of rivals in deploying artificial intelligence in the highly-regulated industry.

“It’s about helping regulators understand how we build the generative AI models, how we control them, what are the new vectors of risk,” Lori Beer, JPMorgan’s global chief information officer, said in an interview. “It’s not only what we need to think about, but what they should think about,” she said, adding that it’s critical to engage ...