OpenAI launches ChatGPT for financial services industry
· CNA · JoinRead a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST
Sept 10 : OpenAI on Thursday launched a version of ChatGPT built for the financial services industry, combining its latest AI model with built-in data from providers including LSEG, PitchBook and Daloopa to target investment bankers and equity researchers.
The product, ChatGPT for Financial Services, was developed with Morgan Stanley and Evercore as design partners to help shape the offering, OpenAI said in a blog post.
The launch reflects a broader push by AI companies to build products for regulated industries where data governance and security are central concerns. The product builds on ChatGPT Enterprise's existing security controls, including role-based access and encryption, and allows compliance teams to export workspace logs into audit workflows.
The service is powered by GPT-6 Astra, OpenAI's newest model, which the company said was built to improve retrieval across financial data tools, financial reasoning and the accuracy of generated content.
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
Show More
Show Less
Users can conduct research across multiple sources, build financial models and generate client materials such as pitchbooks using their firm's own templates, OpenAI said.
OpenAI said it plans to expand the breadth of financial data available through the product and further train its models to identify, interpret and apply that information across tasks traditionally handled by experienced analysts.
The product includes datasets from Daloopa, LSEG News, PitchBook, Crunchbase, Quartr and others covering earnings transcripts, financial statements and company fundamentals. OpenAI said the data is indexed on its own infrastructure to improve retrieval and citation.
LSEG serves as the sole distributor of Reuters news, financial data, and real-time alerts to global financial professionals.
Firms that already hold data subscriptions can connect them through integrations with FactSet, S&P Global, Preqin and Datasite, the company said. OpenAI said it plans to expand the product beyond investment banking and equity research across the wider financial services sector.
Newsletter
Week in Review
Subscribe to our Chief Editor’s Week in Review
Our chief editor shares analysis and picks of the week's biggest news every Saturday.
Sign up for our newsletters
Get our pick of top stories and thought-provoking articles in your inbox
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app