As artificial intelligence transforms how we tackle challenges, scalable AI empowers businesses to enhance efficiency, spark innovation and elevate customer satisfaction — all while maintaining agility in today’s changing markets.

To transform its operations and stay competitive in the rapidly evolving financial landscape, JPMorgan Chase and Co. has set its eyes on scalable AI, according to Lori Beer (pictured), global chief information officer of JPMorgan. 

JPMorgan’s Lori Beer talks to theCUBE about the game-changing effect of scalable AI.

“We have about 1,000 applications in the cloud running in production and supporting all of our lines of business,” she said. “The next phase is really, really making AI scale. We’ve been doing AI for a long time. We do a combination, lots of continued work around traditional AI but also gen AI and continuing to look at those opportunities as we look forward.”

Beer spoke with theCUBE Research’s John Furrier for theCUBE’s “Cloud AWS re:Invent Coverage,” during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed how scalable AI fits into JPMorgan’s operating culture.

The need for scalable AI in threat detection

Through scalable AI and data-driven insights, organizations can build more resilient cybersecurity infrastructures, reduce risks and respond to threats more efficiently. As a result, JPMorgan uses generative AI for enhanced risk management and threat detection, according to Beer. 

“Given the nature of our business, we run a globally, systemically important bank,” she said. “We have to manage liquidity. The amount of risk calculations and things we run on a regular basis consume lots of data. We have examples right now where we’re using anomaly detection and networking to help proactively identify a switch that may potentially fail. You can put gen AI on top of that and start asking questions about the dynamics and the patterns of what’s happening in your data.”

Given that continuous modernization helps an organization stay competitive and relevant, JPMorgan realizes this objective through its partnership with Amazon Web Services Inc. This is because AWS provides its cloud prowess, Beer pointed out. 

“We’ve been working really hard on continuing to strengthen resiliency in the cloud, security in the cloud, through our great partnership with AWS,” she said. “We have a hybrid approach, so we run massive scale inside our data centers. We’re critical infrastructure, but we also leverage the innovation happening in the public cloud. Our continued prioritization is around continuously modernizing.”

Here’s the complete video interview, part of SiliconANGLE’s and theCUBE’s “Cloud AWS re:Invent Coverage”:

Photo: SiliconANGLE