JPMorgan launched a free cash flow AI tool last year for its corporate clients, and now the bank says the tool has helped some of them cut human-oriented manual work by nearly 90%. according to a Bloomberg report.

About 2,500 unnamed clients use the AI ​​tool, making it successful enough that JPMorgan may start charging for it one day, according to the same report.

“Cash flow forecasting is very complex and you need a lot of judgment,” Tony Wimmer, head of data and analytics at JPMorgan's wholesale payments unit, told Bloomberg.

Wimmer, who leads a team of about 300 data scientists, data engineers and other employees, is still a “firm believer” that “human-enhanced machines aren't going away for a long time.”

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of JPMorgan analytical and insight solutions the site refers to the tool as “an intuitive AI interface” that analyzes, sorts and categorizes the company's cash flows. It can also help clients create forecasts.

Other big banks also have AI tools. Bank of America has an AI CashPro free cash flow tracking forecasting tool, and RBC offers a similar tool called NAME.

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^{Jamie Dimon, CEO of JPMorgan Chase. Credit: Tom Williams/CQ-Roll Call, Inc via Getty Images}

JPMorgan CEO Jamie Dimon expected in October that the next generation will probably work 3.5 days a week thanks to AI. The company set a goal to generate $1.5 billion in business value with AI in 2023.