Welcome, innovators.

JP Morgan Chase is a forward-thinking global financial services firm that leverages advanced technology to enhance its banking, investment, and financial services. 

The company has turned its attention to its AI-powered platform, COiN (Contract Intelligence).

We’ve got a lot more on this below…

In today’s newsletter:

• Today’s must-read stories 📰

• JP Morgan Chase: Advancing its COiN Platform

• Prompt of the day ✍️

Today’s must-read stories 📰 

Bardeen tackles repetitive knowledge work 🧠

Bardeen, a platform that uses a natural language interface to automate repetitive knowledge work, has raised $3 million, bringing total funding to $22 million.

Beware of biases in AI applications 🈸

Real-world examples of biased AI systems include recruiting tools dismissing women applicants for technical jobs, prediction systems identifying Black defendants as higher risks, facial recognition favoring white male faces, and hiring systems rejecting older applicants.

Use AI to help (not hinder) your business 🆘

AI usage in the UK has surged by 66% since September 2023, driving productivity and efficiency, but companies unprepared for AI's rapid adoption face risks without proper policies.

Together with Innovating with AI

💼 Want to become an AI Consultant?

Our friends at Innovating with AI just welcomed 170 new students into The AI Consultancy Project, their new program that trains you to build a business as an AI consultant. Here are some highlights...

• The tools and frameworks to find clients and deliver top-notch services

• A 6-month plan to build a 6-figure AI consulting business

• A chance for AI Tool Report readers to get early access to the next enrollment cycle

Click here to get early access to The AI Consultancy Project

AI artwork of the day 🧑‍🎨 

Miscellaneous resources ❓️ 

• Applied Artificial Intelligence: A handbook for business leaders.

• A Winning Guide to AI in Business: How any business can transform itself with AI.

• The Age of AI: Three renowned thinkers explore how Artificial Intelligence is transforming society and its implications for humanity.

AI tools 🔨 

• Artisan: AI BDR that automates outbound demand generation and fills your calendar with qualified sales meetings.*

• Super: Create custom websites with Notion

• Pressmaster: AI-powered PR publishing

• Perplexity: Search and discovery with AI

Together with Public

Invest smarter with Public and AI

If you're looking to leverage AI in your investment strategy, you need to check out Public. 

The all-in-one investing platform allows you to build a portfolio of stocks, options, bonds, crypto and more, all while incorporating the latest AI technology — for high-powered performance analysis — to help you achieve your investment goals.

Join Public, and build your primary portfolio with AI-powered insights and analysis.*

JP Morgan Chase: Advancing its COiN Platform in 2024

In 2024, JP Morgan Chase has significantly enhanced its COiN (Contract Intelligence) platform. And it has been nothing less than impressive. 

• Enhanced AI capabilities: The platform now includes more advanced AI algorithms, resulting in improved  accuracy in analyzing legal documents and predicting potential risks.

• Scalability: COiN enables JP Morgan Chase to more effectively handle a higher volume of contracts without additional staff. 💲

• Improved user interface: New data visualization tools and an intuitive user interface make it easier for users to interact with the platform and understand complex legal insights.

• Operational efficiency: Automation of routine tasks reduces workload and operational costs.

These advancements highlight JP Morgan Chase's commitment to heavily utilizing AI now and in the years to come. 

Our Thoughts: Does the COiN platform set the standard for the financial industry? In some ways, the answer is clear: most definitely.

Prompt of the day ✍️ 

Software engineer (create a performance report)

How it works:

This prompt creates a tailored performance report by drawing insights from reference materials, interacting with the user to clarify specifics, and refining the report iteratively using a given evaluation rubric

Why use it:

Use it to create a highly customized performance report that addresses specific needs, incorporates expert insights, and ensures continuous improvement through iterative feedback.

Prompt Example:

{"prompt":"Develop a tailored Performance Report aligned with the user's individual needs, drawing insights from the supplied reference materials. Initiate interaction with the user to obtain essential specifics and resolve any ambiguities. Iteratively refine the Performance Report through consistent evaluations using the given evaluationRubric and gather user input to ensure the end product aligns with the users expectations.}

You can find the prompt in its entirety here.

^{*Public disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC.} 

^{Alpha is an experiment brought to you by Public Holdings, Inc. (“Public”). Alpha is an AI research tool powered by GPT-4, a generative large language model. Alpha is experimental technology and may give inaccurate or inappropriate responses. Output from Alpha should not be construed as investment research or recommendations, and should not serve as the basis for any investment decision. All Alpha output is provided “as is.” Public makes no representations or warranties with respect to the accuracy, completeness, quality, timeliness, or any other characteristic of such output. Your use of Alpha output is at your sole risk. Please independently evaluate and verify the accuracy of any such output for your own use case.}