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The banking industry is rapidly adopting Generative Artificial Intelligence (GenAI) using Large Language Models (LLMs) to improve efficiency and decision-making. This technology allows for more robust and versatile applications, and many banks are already piloting projects and considering wider implementation. JPMorgan Chase & Co’s Emerging Opportunities Engine, launched in 2016, was a catalyst for this trend, and has been highly successful in reducing costs and improving data analysis.