The bank's internal AI tool, Proxy IQ, will take over ahead of this year's AGM season in place of traditional proxy advisors, according to the newspaper.
The information was confirmed by a source to the Bloomberg news agency.
JP Morgan Chase's wealth managers oversee more than $7 trillion in client assets and thus have voting rights in more than 3,000 publicly traded companies. How the bank votes on corporate matters has previously been influenced by advice from proxy advisors.
The Trump administration recently ordered an investigation into how proxy advisors operate, following years of criticism that they allegedly exert undue influence over shareholders and have business models that create conflicts of interest.
One critic has been JP Morgan Chase CEO Jamie Dimon.
