JPMorgan Chase (JPM) is broadening its research to include influential private companies like OpenAI to provide clients with structured information and tracking, Bloomberg reported Friday, citing a memo by head of global research Hussein Malik.

"Private companies are increasingly pivotal in shaping the growth and outlook of industries," Malik said in a note to clients. "Understanding their impact is and will remain crucial for both public and private market investors to make informed investment decisions," the memo said, according to Bloomberg.

In their initial report on OpenAI, JPMorgan analysts noted that it would be challenging for any chatbot developer to uphold a lasting competitive advantage in large language models. Since profitability for the startup is not anticipated until 2029, "investor expectations may be tested," they said.

JPMorgan has one of the biggest research arms on Wall Street, with more than 800 analysts covering thousands of companies worldwide, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources, but may include rumor and speculation. Accuracy is not guaranteed.)

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