JPMorgan allows staff to use internal AI to draft performance reviews

Core Insights - JPMorgan Chase has authorized its workforce to utilize an internal AI tool for drafting annual performance reviews, reflecting a growing trend of AI integration in corporate processes across the US [1][2] - The AI tool, based on the bank's large language model (LLM), aims to simplify the review writing process, potentially reducing completion time by up to 40% for employees [2] - Employees are advised to use the AI system as a starting point for drafting reviews, retaining responsibility for final submissions, and the tool is not intended for compensation decisions [3] Technology Investment - JPMorgan has made its LLM Suite, an in-house version of OpenAI's ChatGPT, available to employees, which was introduced in 2024 and has reached several users within eight months [3] - The bank's technology investment spans multiple departments, with software developers using LLM Suite for code review, investment bankers for presentation preparation, and legal teams for contract analysis [4] - JPMorgan plans to invest $18 billion in technology this year, indicating a strong commitment to enhancing its technological capabilities [4]