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Title: OpenAI Targets Work of Wall Street Junior Bankers

Link: https://news.slashdot.org/story/26/09/10/1912...

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."

Read more of this story at Slashdot.

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