JPMorgan Chase Unveils Agentic AI in Bid to Be First Fully AI-Powered Megabank

JPMorgan Chase wants to be the first megabank run on artificial intelligence (AI) — and it just showed off a bot to CNBC that can whip up an investment banking deck in 30 seconds.

JPMorgan Chase Bets Big on Agentic AI

JPMorgan Chase, the world’s largest bank by market cap, is racing to rewire itself into what executives call a “fully AI-powered enterprise,” CNBC’s Hugh Son reported.

In a live demo, chief data analytics officer Derek Waldron gave the news publication the first outsider look at the bank’s AI platform, which assembled a polished investment banking presentation in under half a minute — work that once consumed teams of junior analysts for hours.

Son’s report notes that the effort is anchored in the bank’s LLM Suite, a proprietary portal built to harness large language models from startups including OpenAI and Anthropic. Updated every eight weeks with new data and applications, the system is already in the hands of roughly 250,000 employees, half of whom use it daily.

The latest phase — “agentic AI” — is designed to take on complex, Son’s report explains, multistep tasks that go well beyond email drafting or document summaries.

CEO Jamie Dimon, who made AI the centerpiece of a four-day executive retreat this summer, envisions a future where every worker has a personalized AI assistant and every client interacts with an AI concierge. Waldron told CNBC the ultimate goal is “a fully AI-connected enterprise” spanning all processes, from wealth management to fraud detection.

If JPMorgan Chase pulls this off, Wall Street’s new interns won’t be Ivy League grads — they’ll be AI agents cranking out decks before you’ve finished your morning coffee.

The implications are massive. JPMorgan executives acknowledge that AI could shrink operations staff by at least 10% in five years. Meanwhile, fewer junior bankers may be needed as AI collapses workloads into seconds. Critics note that most corporations still struggle to capture real returns on AI, but JPMorgan believes first-mover advantage could yield fatter margins and a bigger bite of global finance.

Whether this experiment makes JPMorgan the world’s first true AI-bank or just another corporate lab test remains to be seen.