The program, called LLM Suite, is a portal created by the bank to harness large language models from the world's leading AI startups. JPMorgan, the world's largest bank by market capitalization, is being "fundamentally rewired" for the coming AI era, according to Waldron. "As those agents become increasingly powerful in terms of their AI capabilities and increasingly connected into JPMorgan," Waldron said, "they can take on more and more responsibilities." One proposal being discussed at a major investment bank is reducing the ratio of junior bankers to senior managers from the current 6-1 to 4-1. With fewer bankers on the payroll, the cost structure of investment banking would fall, boosting the bottom line, said the executives.