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Market Impact: 0.4

OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services

Source: CNBC

Artificial IntelligenceFintechTechnology & Innovation

OpenAI launched ChatGPT for Financial Services, targeting labor-intensive research, financial modeling, and pitchbook preparation traditionally performed by junior investment bankers. The product could improve workflow efficiency across banks and financial institutions while increasing competitive pressure on financial-services software and outsourcing providers.

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