May 7, 2025

finance  
Read News
JPMorgan Chase, Goldman Sachs, Nvidia, IBM, Palantir, Parloa, xAI, USD.AI Invest in AI

Recent developments in the field of artificial intelligence have been making headlines, with several major companies investing heavily in AI technology. JPMorgan Chase's AI tools have been credited with boosting sales to wealthy clients and managing requests from worried customers during market turmoil. The bank's CEO of asset and wealth management has stated that AI tools have supercharged the speed at which its bankers can provide research and investment advice to clients. Other companies, such as Goldman Sachs and Morgan Stanley, are also ramping up their use of AI, with Goldman Sachs rolling out a generative AI assistant and Morgan Stanley developing a chatbot for its financial advisers. Meanwhile, tech companies like IBM and Nvidia are also making significant strides in AI, with IBM's new z17 artificial intelligence mainframe expected to drive sales growth and Nvidia's CEO predicting a $50 billion market for AI chips in China. Additionally, companies like Palantir and Parloa are making waves in the AI industry, with Palantir reporting strong earnings and Parloa raising $120 million in funding. As the demand for AI technology continues to grow, it's likely that we'll see even more exciting developments in this field in the coming years.

Key Takeaways

  • JPMorgan Chase's AI tools have boosted sales to wealthy clients and managed requests from worried customers during market turmoil.
  • Goldman Sachs and Morgan Stanley are also investing in AI technology, with Goldman Sachs rolling out a generative AI assistant and Morgan Stanley developing a chatbot.
  • IBM's new z17 artificial intelligence mainframe is expected to drive sales growth for the company.
  • Nvidia's CEO predicts a $50 billion market for AI chips in China.
  • Palantir reported strong earnings, with revenue growing 33% to $397 million.
  • Parloa raised $120 million in funding, valuing the company at $1 billion.
  • Alphabet and Taiwan Semiconductor Manufacturing are two companies that are primed to rebound in the AI industry.
  • Elon Musk's xAI has partnered with Palantir Technologies and TWG Global to tap into the growing demand for AI in the financial services industry.
  • USD.AI is financing the future of AI infrastructure through its unique concept of InfraFi.
  • The demand for AI technology is expected to continue growing, with companies like JPMorgan Chase, Goldman Sachs, and Nvidia making significant investments in the field.

JPMorgan AI boosts sales

JPMorgan Chase's AI tools helped boost sales to wealthy clients and manage requests from worried customers during April's market turmoil. The bank's CEO of asset and wealth management said AI tools helped advisers quickly handle client requests by pulling data on trading patterns. JPMorgan's AI tools have supercharged the speed at which its bankers could provide research and investment advice to wealthy clients. The bank's AI-powered tools have helped advisers handle a deluge of client requests and boost productivity. JPMorgan expects the new tools will enable advisers to grow their client books by 50% over the next three to five years.

JPMorgan AI boosts sales

JPMorgan Chase's AI tools enabled it to boost sales to wealthy clients and manage scores of requests from worried customers during April's market rout. The bank's CEO of asset and wealth management said AI tools helped advisers quickly handle client requests by pulling data on trading patterns and anticipating queries. JPMorgan's AI tools have supercharged the speed at which its bankers could provide research and investment advice to wealthy clients. The bank's AI-powered tools have helped advisers handle a deluge of client requests and boost productivity. JPMorgan expects the new tools will enable advisers to grow their client books by 50% over the next three to five years.

JPMorgan AI helps sales

JPMorgan Chase's AI tools helped boost sales to clients during the US tariff announcement that impacted the stock market. Mary Erdoes, JPMorgan's CEO of asset and wealth management, said AI tools helped advisers quickly handle client requests by pulling data on trading patterns. AI has been allowing advisers to be prepared for stressful market movements. JPMorgan's AI tools have supercharged the speed at which its bankers could provide research and investment advice to wealthy clients.

JP Morgan AI boosts sales

JPMorgan Chase is betting big on artificial intelligence, and it's already paying off. The banking giant's AI-powered tools have helped advisers handle a deluge of client requests, boost productivity, and drive a 20% jump in gross sales between 2023 and 2024. The powerful AI tools helped advisers quickly handle client requests by pulling data on trading patterns and anticipating queries. JPMorgan expects the new tools will enable advisers to grow their client books by 50% over the next three to five years.

JP Morgan AI boosts sales

JP Morgan Chase's artificial-intelligence tools enabled it to boost sales to wealthy clients and manage scores of requests from worried customers even during April's market rout. The largest US lender has been ramping up its use of AI, along with its peers. Goldman Sachs is rolling out a generative AI assistant to its bankers, traders, and asset managers, while Morgan Stanley developed a chatbot for its financial advisers with OpenAI.

Cheap AI stocks to buy

Alphabet and Taiwan Semiconductor Manufacturing are two cheap AI stocks that are primed to rebound. Alphabet's revenue rose 12% year over year to $90 billion, with Google Cloud revenue rising 28%. Taiwan Semiconductor Manufacturing expects AI-related revenue to grow at a 45% compound annual growth rate over the next five years. Both stocks are cheaper than the broader market, with Alphabet priced at 17 times forward earnings and Taiwan Semiconductor Manufacturing at less than 19 times forward earnings.

Cheap AI stocks to buy

Alphabet and Taiwan Semiconductor Manufacturing are two cheap AI stocks that are primed to rebound. Alphabet's revenue rose 12% year over year to $90 billion, with Google Cloud revenue rising 28%. Taiwan Semiconductor Manufacturing expects AI-related revenue to grow at a 45% compound annual growth rate over the next five years. Both stocks are cheaper than the broader market, with Alphabet priced at 17 times forward earnings and Taiwan Semiconductor Manufacturing at less than 19 times forward earnings.

IBM AI mainframe to boost sales

IBM's new z17 artificial intelligence mainframe could underpin a strong sales cycle for the tech group, according to analysts at BofA. The z17 is due to be made available from June 18 and will feature AI capabilities across hardware, software, and systems operations. IBM has also shifted to more flexible on-demand or cloud-type pricing models with both mainframe software and hardware. The z mainframe is tipped to drive at least one point of growth to the company's revenue target of more than 5% growth.

Goldman sees AI opportunity

Goldman Sachs sees a buy-the-dip opportunity in AI after big tech earnings. The once-hot trade that boosted the broader market over the last two years hit multiple snarls in 2025. However, better-than-expected results from some of the biggest technology companies using artificial intelligence signal an opportunity for investors to pick up shares in the cohort after the recent slump.

Palantir stock drops despite strong earnings

Palantir Technologies stock dropped 9.3% in after-hours trading despite a stellar earnings report. The company's revenue breezed by Wall Street's expectation, and its second-quarter revenue guidance came in notably higher than analysts had expected. Palantir's first-quarter revenue grew 33% to $397 million, with US commercial revenue jumping 71% to $255 million. The company expects revenue of $934 million to $938 million in the second quarter.

Parloa raises $120 million in AI funding

Parloa GmbH, a startup building an artificial intelligence platform for customer service, has raised $120 million from investors in a deal that values the company at $1 billion. The latest financing was co-led by Durable Capital Partners, Altimeter Capital, and General Catalyst. Parloa was founded in Berlin in 2018 and now has offices in Germany and New York.

USD AI finances AI infrastructure

USD.AI combines DePIN, AI, and stablecoins into a powerful new concept of InfraFi. It offers an alternative to a suboptimal hardware financing system and brings another source of lucrative yield onchain. USD.AI is financing the future of AI infrastructure.

Musk's xAI joins TWG Global and Palantir

Elon Musk's artificial intelligence company xAI has partnered with Palantir Technologies and investment firm TWG Global to tap growing AI demand in the financial services industry. TWG will lead the implementation efforts by working with company executives to design and deploy AI-powered solutions. The collaboration will integrate xAI's models into business operations.

Nvidia CEO sees $50 billion China AI market

Nvidia CEO Jensen Huang said that the market for AI chips in China could reach $50 billion in the next couple of years, making it crucial for US companies to have access to the country. Huang's statement highlights the growing importance of the Chinese market for AI technology.

Sources

JPMorgan AI Artificial Intelligence Banking Financial Services Machine Learning