JPMorgan's eight AI agents outperformed the 60/40 portfolio in 20-year backtests, but the bank warns results aren't from live trading. Here's what it means.

JPMorgan is testing Smart Cash, an AI tool that autonomously allocates client money between checking and brokerage accounts without human oversight.

JPMorgan's AI agents beat the classic 60/40 portfolio by 0.7 percentage points annually with lower volatility across two decades of backtesting.