SUMMARYOpenAI launched ChatGPT for Financial Services, a Wall Street-focused version of ChatGPT Work developed with Morgan Stanley and Evercore. The system uses GPT-6 Astra to research companies, analyze financial data, and build presentation decks, including for tasks such as evaluating M&A targets and creating pitchbooks in bank-specific formats.
OpenAI has launched ChatGPT for Financial Services, a Wall Street-focused version of ChatGPT Work developed with Morgan Stanley and Evercore that can research companies, analyze financial data, and build presentations using the company's latest and most advanced model, GPT-6 Astra. "We're effectively teaching ChatGPT to research like an analyst and back up its conclusions like an analyst as well," said OpenAI's Vice President of Product, Nick Turley. CNBC reports: The rollout puts OpenAI deeper into territory traditionally occupied by Wall Street's entry-level bankers, the recent college graduates called analysts and associates that the industry has employed for decades to research deals and create pitchbooks. It also showcases the company's continued push into enterprise offerings as it gears up for what is widely expected to be a blockbuster IPO.
In a live demonstration of the new offering, Turley showed the platform analyzing a potential M&A target, pulling financial figures from industry-standard data sources and creating a formatted PowerPoint deck based on a bank's pre-formatted style guide. "It's very easy to make slides that look good, but it's much harder to make slides [that] actually make sense," Turley said. "To get here, ChatGPT had to choose the relevant peers. It had to pull the prices into a spreadsheet. It had to check the chart against the data, and it had to explain the selloff and the rebound."