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Fortune

Emily Forlini

OpenAI courts Wall Street with ChatGPT for financial services, developed with Morgan Stanley

OpenAI ChatGPT Financial Services Morgan Stanley Nick Turley Anthropic

Picture of a screen displaying stock market data on the floor of the New York Stock Exchange. (Credit: Michael M. Santiago—Getty Images)

OpenAI unveiled a new version of ChatGPT geared toward big banks and other financial firms, powered by its new GPT-6 Astra model.

The leading AI companies have increasingly sought to roll out products that package their AI models in ways that are tailored for specific industry verticals. They are hoping these more targeted products will help accelerate the growth of their enterprise revenue.

Nick Turley, OpenAI’s vice president and head of ChatGPT, said in a briefing for reporters that finance is one of the industry verticals OpenAI has chosen to build specific products for, along with cybersecurity and software engineering.

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