AI in the Investment Office - Maintaining advantage as the frontier shirts.
Through our work with institutional investors and through our own experience at J.P. Morgan Asset Management, it is clear the playing field around Artificial Intelligence is leveling. Foundation models, agentic coding tools, and enterprise assistants are broadly accessible, and open-weight models are closing the gap on the frontier. What used to require a large engineering team is now available to any allocator willing to procure. While adopting AI has become easier, building or identifying sources of competitive advantage remains challenging.