JP Morgan’s latest hire shows what the hottest field at investment banks is right now

Finance news

J.P. Morgan Chase hired a veteran professor as head of artificial intelligence research as the investment bank prepares for wider adoption of automation.

The bank said that Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the New York-based bank to help identify opportunities to create programs that “could potentially transform financial services,” according to a memo sent to employees today.

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