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On JPMorgan Chase's third-quarter earnings call, CEO Jamie Dimon debated with Wells Fargo Securities analyst Mike Mayo over whether recent advances in AI present an advantage to traditional banks or to their challengers.
The FTC probe of ChatGPT maker OpenAI aligns with concerns that members of Congress have expressed. AP Photo/Michael DwyerThe Federal Trade Commission has launched an investigation of ChatGPT maker OpenAI for potential violations of consumer protection laws. The FTC sent the company a 20-page demand for information in the week of July 10, 2023. The move comes as European regulators have begun to take action, and Congress is working on legislation to regulate the artificial intelligence industry.
Investors should pay attention to AI, the energy transition, and geo-political tensions when looking to build their future portfolio, the firm said.
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As JPMorgan Chase and others seek out a safe way to experiment with OpenAI’s ChatGPT and other advanced AI tools, vendors like Nvidia offer protection against the tech’s potential downsides