JPMorgan Chase & Co. is investing further in artificial intelligence.
The largest U.S. bank by assets said Thursday that Carnegie Mellon University's head of machine learning will join JPMorgan in a new role, head of artificial-intelligence research.
In the position, Manuela Veloso, who is also a professor at Carnegie Mellon, will build on the bank's existing work applying machine learning technology, according to an internal memo reviewed by The Wall Street Journal.
JPMorgan's budget on technology will be about $10.8 billion in 2018.
From The Wall Street Journal
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