OpenAI announced ChatGPT for Financial Services on Thursday, its latest product aimed at a specific sector. The tool will bring a new range of financial data directly into ChatGPT and provide bankers with a new way to check the tool's work. The finance industry has already begun embracing AI tools, with Morgan Stanley adopting ChatGPT early on. The release fits into OpenAI's strategies of selling tools companies can use to automate work and building on its core AI products with industry-specific offerings, as the company prepares for a large initial public offering expected in 2027.
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