In the global financial industry, a revolution led by artificial intelligence (AI) is quietly taking place. According to the latest reports, JPMorgan Chase has recently launched an AI investment advisory service called IndexGPT, aiming to provide personalized investment advice to clients through disruptive AI technology. It is understood that the launch of IndexGPT was not an overnight decision. JPMorgan Chase applied for a trademark for this innovative product as early as a year ago. Leveraging advanced AI technology, the product conducts in-depth analysis of the securities market and tailors investment portfolios to meet clients' investment needs. Jamie Dimon, CEO of JPMorgan Chase, emphasized the importance of AI as a driving force for the company's future development in a recent speech. He compared the potential impact of AI to that of the steam engine and pointed out that this technology "can help almost every job." To accelerate the deployment and application of AI, JPMorgan Chase has recruited thousands of AI experts and data scientists and has begun actively exploring the potential of generative AI. IndexGPT represents JPMorgan Chase's latest attempt in the field of AI investment. With the help of OpenAI's GPT-4 model, the product creates a basket of stocks based on emerging trends such as cloud computing, esports, and cybersecurity. This innovative investment approach breaks the traditional framework based on industries or company fundamentals, providing investors with more diversified investment choices. Rui Fernandes, Head of Market Trading Structure at JPMorgan Chase, stated that the launch of IndexGPT is the first step in the company's long-term plan to integrate AI into all index products. He emphasized that the number of keywords generated by the GPT model far exceeds that of traditional software, enabling better representation and capture of market themes. Through IndexGPT, JPMorgan Chase aims to provide more accurate and personalized investment services to institutional clients. However, despite the increasing application of AI on Wall Street, finding fully validated use cases remains a significant challenge. Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), previously warned that excessive investment in AI on Wall Street could trigger the next financial crisis. He pointed out that the widespread application of AI models can easily lead to "herd behavior," exacerbating market volatility and potentially causing financial collapse. Nevertheless, major financial institutions on Wall Street are actively embracing the AI era. Prominent institutions such as Morgan Stanley and Goldman Sachs have already launched AI-based investment assistants and code-writing tools to leverage the potential of AI technology for improved business efficiency and investment returns. With the continuous advancement of technology and the expansion of application scenarios, AI will play an increasingly important role in the financial field. In the future, with the continuous development and improvement of AI technology, we have reason to believe that Wall Street will usher in a more intelligent and efficient era of investment.