AI
OpenAI launches ChatGPT for Financial Services with Morgan Stanley and Evercore as design partners
OpenAI released ChatGPT for Financial Services on Thursday, a tailored enterprise product built with Morgan Stanley and Evercore as design partners and powered by the GPT-6 Astra model. It bundles indexed datasets from LSEG, PitchBook, Daloopa, Crunchbase and Quartr plus connectors for FactSet, S&P Capital IQ, Moody's and Datasite, with OpenAI VP Nick Turley demonstrating the tool building a formatted M&A pitch deck in minutes. The launch targets work historically done by junior analysts, and a Goldman Sachs partner has warned automation risks 'cognitive atrophy' in the next generation.