JPMorgan Adds Former Google Exec as Head of AI and ML

American multinational investment bank JPMorgan Chase & Co. has hired former Google executive, Apoorv Saxena, as its new head of artificial intelligence (AI) and Machine Learning Machine Learning Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Machine learning is defined as an application of artificial intelligence (AI) that looks to automatically learn and improve from experience without being explicitly programmed. Machine learning is a rapidly growing field that also focuses on the development of computer programs that can access data and use it learn for themselves.This has many potential benefits for most industries and sectors, including the financial services industry. Machine Learning ExplainedMachine learning can be explained Read this Term (ML). Saxena is the second high-profile hire for the firm in AI in recent months and is due to start his new role this week.

According to an internal memo seen by CNN money, Saxena will work in the bank’s asset management and wealth management divisions. The new position is also confirmed by his public LinkedIn profile.

Saxena's appointment at JPMorgan is being seen as a testament to the investment bank’s dedication to the use of new technology. It also shows the firm’s growing willingness to hire outside of the banking industry for its technology-based roles.

The appointment of Saxena follows on the heels of the hiring of Manuela Veloso as the firm’s first head of AI research. Earlier this year in May, Veloso joined the investment bank from Carnegie Mellon University where she was a professor.

JPMorgan is getting a seasoned tech veteran

JPMorgan is getting an experienced technology veteran to head its AI and ML operations. Saxena’s most recent position was at Google, which he joined in 2012. Here he was Head of Product Management for Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term AI & Google AI Research and AI Verticals.

Saxena is also a technical advisor at Tribyl, Inc., a buyer intelligence platform. He has also been an investor and advisor to a number of different startups. This includes Question.ai, Blend Labs and Deep Impact. For these, he would advise them on the product, AI technology, strategy, hiring, culture and more.

Before Google, Saxena was an engagement manager at McKinsey & Company, a global management consulting firm. He worked at the company from 2008 until 2012. During his time at the firm, he managed a team of associates. Together they worked to solve the problems of senior management for numerous function topics. This includes growth strategy, sales and marketing, post-merger integration, due-diligence, business development and service operations.

Saxena also worked as a summer associate in investment banking at UBS in 2007. During his three months at the firm, he worked on initial public offering deals in the technology, media and telecom industries. Towards the beginning of his career, he was a software engineer at Cisco Systems.