OpenAI debuts financial tool tailored to investment bankers

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeFintechInformation TechnologyOpenAI debuts financial tool tailored to investment bankersThe chatbot maker will primarily target large financial institutions with the new artificial intelligence toolAuthor of the article: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. Photo by Samuel Boivin/NurPhoto via Getty ImagesOpenAI 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.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountIn 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.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.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againChatGPT 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.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.“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.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.We apologize, but this video has failed to load.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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