J.P. Morgan just hired itself another artificial intelligence expert
J.P. Morgan may have lost one artificial intelligence expert in the form of natural language processing specialist Geoffrey Zweig, who recently quit for Facebook, but it's got itself another one in the form of Hans Robert, an enterprise AI specialist who just joined as a managing director in NYC.
A less storied AI specialist than Zweig, Robert was previously chief technology officer at Digitate, a Silicon Valley-based tech firm that offers AI based automation solutions for enterprises..Before joining Digitate early last year, he served as an executive director at Morgan Stanley.
Robert spent over 17 years at Morgan Stanley and held various roles including the head of application support group handling institutional equity electronic trading in Asia and the production management technology head of institutional securities application support group. While at the bank, he worked on emerging, cutting-edge technologies such as big data, visualization, analytics, machine learning, predictive analytics, and automation to transform enterprise-level processes.
Digitate claims to have intelligent software that can predict IT outages and assess the impact of organizational change. As an expert in the application of AI at the enterprise level rather than on the trading floor, Robert is likely to increase the automation of broad processes across J. P. Morgan. At this week's J.P. Morgan investor day, CFO Marianne Lake said the bank is investing in electronic trading and that the key to success in the future will be to improve the use of algorithms in electronic execution and to use new technology like artificial intelligence. J.P. Morgan spent nearly $11bn on technology last year.
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