Article content

OpenAI is releasing ChatGPT for Financial Services, a new tool tailored to investment bankers and equity researchers that is its latest attempt to compete with rival Anthropic PBC to expand AI adoption among businesses.

Sign In or Create an Account

or View more offersArticle content

In a blog post Thursday, the company said the product will combine built-in data from sources including Daloopa, PitchBook and LSEG News with its new GPT-6 Astra model. The service will employ the company’s newer AI models as they are released.

Article contentWe apologize, but this video has failed to load.Try refreshing your browser, or
tap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, or
tap here to see other videos from our team.Article content

Story continues below

This advertisement has not loaded yet, but your article continues below.

Article content

OpenAI is primarily targeting large financial institutions with the tool. The product fits within the startup’s ongoing efforts to increase its share of enterprise clients, which are more profitable than the consumers which for a long time made up the majority of its customer base. OpenAI chief financial officer Sarah Friar said this week at a Goldman Sachs conference in San Francisco that the company’s enterprise and consumer businesses reached a nearly balanced split earlier this year.

Article contentArticle content

ChatGPT for Financial Services’ datasets will include information like earning transcripts, financial statements and company fundamentals. The tool will have granular citations that let teams trace figures and claims back to their sources and confirm them.

Article content

The feature’s goal, according to OpenAI’s blog post, is to help teams more easily and efficiently develop research, financial models and client materials in their firm’s unique formats.

Article content

“We’re effectively teaching ChatGPT to research like an analyst and back up its conclusions like an analyst,” said Nick Turley, VP of product at OpenAI.

Article content

Both OpenAI and Anthropic have filed confidential paperwork to go public, with the latter expected to IPO as soon as this fall, ahead of OpenAI.

Article content

Bloomberg.com

Article contentWe apologize, but this video has failed to load.Try refreshing your browser, or
tap here to see other videos from our team.Article contentThis advertisement has not loaded yet.Trending


  1. Donald Trump raises the stakes of the trade war with Canada

    Economy


  2. Trump is angry about the loonie ‘imbalance’: But what does he mean and what can he do about it?

    News

  3. Story continues belowThis advertisement has not loaded yet, but your article continues below.

  4. CRA denies tax credit to B.C. divorced dad paying child and spousal support

    Personal Finance


  5. Canada Investment Summit pitchbook features 167 projects spanning from data centres to mines to LNG deals

    Economy


  6. Canada can afford to wait out Trump’s trade war, say two prominent policy vets

    Economy