AI is eating banking: JPMorgan unveils IndexGPT 🤖💸; America's top digital bank is getting ready for public listing, or Chime's path to IPO 😳🔔; The SEC is now going after Robinhood 😬🚨

FinTech is Eating the World, 6 May

Hey Everyone,

Good morning & happy Tuesday! We’re starting another fascinating FinTech week, and the latest issue is definitely worth the wait 🍒 Today we’re going to look at how AI is further eating banking as JPMorgan unveils IndexGPT (what it’s all about & what’s the key USP + some bonus deep dives into JPM), America's top digital bank Chime which is getting ready for IPO (some solid recent numbers + a deep dive into Chime’s biggest competitor), and the SEC that’s now going after Robinhood (what’s happening & why it makes little to no sense + thoughts on future implications). Let’s jump straight into the awesome stuff 🌶

AI is eating banking: JPMorgan unveils IndexGPT 🤖💸

The news 🗞️ Harnessing the power of artificial intelligence, banking giant JPMorgan Chase JPM 0.00%↑ has just unveiled IndexGPT, a tool designed to revolutionize thematic investing.

IndexGPT leverages OpenAI's advanced GPT-4 language model to generate investment baskets based on emerging trends and themes.

Let’s take a closer look at what it’s all about and why it matters.