The tool uses JPMorgan’s own large language model to generate review drafts from employee prompts|Ben Sutherland|CC BY 2.0

Artificial intelligence is proliferating in workplace assessment, with JPMorgan Chase the latest employer to let workers use its in-house AI system to draft their year-end performance reviews.

The move marks a big step in corporate America’s adoption of generative AI. JPMorgan’s LLM Suite already has 200,000 users across the bank’s 300,000 employees. It supports coders, bankers, and lawyers alike.

The tool uses JPMorgan’s own large language model to generate review drafts from employee prompts. However, staff remain responsible for final submissions, and AI isn’t used for salary decisions.

Adoption of the tech into internal review systems aims to streamline what can be a tedious process, and many companies agree. A similar AI use at Boston Consulting Group reportedly cut review-writing time by 40%.

JPMorgan CEO Jamie Dimon, who plans to invest $2 billion annually on the technology, says it is “going to change every job” on Wall Street, including risk analysis, marketing, and customer service.

AI startups like Mosaic and Rogo already have chatbots that work like an investment banker.