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[TECHNOLOGY] · United States · 25 sources

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OpenAI launches ChatGPT for Financial Services for investment banking

OpenAI has launched ChatGPT for Financial Services, a specialized version of its ChatGPT Work platform designed for investment banking and equity research. Developed in collaboration with design partners Morgan Stanley and Evercore, the tool utilizes the GPT-6 Astra model to assist professionals with complex tasks.

The service integrates premium financial datasets from providers including LSEG News, Daloopa, PitchBook, and Crunchbase. It allows users to perform multi-source research, build financial models (such as LBO or DCF), and generate client-ready materials like PowerPoint pitchbooks using existing corporate templates. To ensure accuracy, the platform features granular citation capabilities, allowing analysts to trace figures and claims back to their original sources.

OpenAI positions the tool as a productivity enhancer for junior bankers and analysts rather than a replacement. The product also incorporates enterprise-grade security, including role-based access control and encryption, to meet the high regulatory standards of the financial sector.

Entities

Evercore · LSEG · Morgan Stanley · Nick Turley · OpenAI · PitchBook · Sam Altman

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Sources

about 19 hours ago