JPMorgan Chase & Co. announced it has cut ties with proxy advisors for shareholder votes in favor of an artificial intelligence tool, Proxy IQ. This move makes JPMorgan the first major investment firm to eliminate reliance on third-party data collection and voting recommendations, a decision that has sparked controversy.

President Donald Trump has criticized proxy advisors, signing an executive order in December to reassess existing rules. He alleges that these advisors use their power to push radical, politically-motivated agendas. Tesla CEO Elon Musk has also condemned proxy advisors, calling them “corporate terrorists” after ISS recommended shareholders reject his pay package.

Read more at CNBC: JPMorgan won’t use controversial proxy advisors for shareholder votes