From Yahoo Finance: 2025-03-29 11:06:00

JPMorgan’s AI tool, Cash Flow Intelligence, has reduced manual work by 90% for corporate clients. The tool creates custom cash flow forecasts in seconds, sparking interest from clients. JPMorgan may charge for the service in the future. The AI algorithm offers more accurate forecasts and streamlines efficiency for users.

AI technology, like JPMorgan’s Cash Flow Intelligence, is becoming more prevalent and influential in daily life. While concerns about AI misuse exist, JPMorgan’s tool provides fast, accurate cash flow forecasts. Founder Phil Siegel notes the importance of human oversight in validating AI-generated results for accuracy.

Financial experts recognize the potential risks and benefits of AI in banking and beyond. While some jobs may become obsolete, new opportunities may arise. AI’s impact on various industries, including banking, remains to be seen. Expert Yael Bizouati-Kennedy contributed to this article on AI in finance.



Read more at Yahoo Finance: What It Is and How It Can Work for You