J.P. Morgan Chase Hires Executive to Lead Artificial Intelligence Development

J.P. Morgan Chase hired a senior executive from Google amid an effort seeking to create the next generation of artificial intelligence-powered services. The bank hired Apoorv Saxena, Google's head of product management for cloud-based artificial intelligence, according to story on CNBC. Saxena joined the firm on Aug. 31 as head of artificial intelligence and machine-learning services, and head of asset and wealth management artificial intelligence technology. He will be based in Palo Alto, California.