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JPMorgan Taps Carnegie Mellon Professor for New AI Role


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Manuela Veloso of the Carnegie Mellon University Robotics Institute giving a tour of the facility to U.S. presidential candidate Hillary Clinton in 2016.

Carnegie Mellon Universitys head of machine learning, professor Manuela Veloso, will join JPMorgan as head of artificial-intelligence research in July.

Credit: Alan Freed/Reuters

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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