OpenAI launches a ChatGPT built for Wall Street analysts

OpenAI has launched "ChatGPT for Financial Services," a version of ChatGPT made for stock researchers, investment bankers and corporate finance teams. Its main selling point is that every figure it writes can be clicked and traced back to the original document. That addresses one of the biggest worries about AI in serious work: not knowing whether the numbers are real.

What it does

The tool is meant to cut the manual work of putting together pitch books, financial models and research briefs. A pitch book is a presentation a bank uses to win a client. It can turn raw material, such as earnings call transcripts and company financial data, into finished documents and spreadsheet models. It formats them in a firm's own templates.

• Drafts research, financial models and client-ready documents
• Uses a firm's own formatting
• Links each figure to its source, such as a transcript or financial statement
• Runs on OpenAI's GPT-6 Astra model

Where the data comes from

The product has financial data built in. PitchBook supplies information on private companies and venture capital activity. Daloopa supplies company metrics and balance sheets used in financial models. LSEG News supplies financial news and regulatory updates. OpenAI says the service will automatically adopt newer, more capable models as they are developed.

Why the sources matter

Finance has strict rules on accuracy. A made-up number can cause real damage. So the click-to-verify design is the key feature. Nick Turley, OpenAI's Vice President of Product, put it this way: "We're effectively teaching ChatGPT to research like an analyst and back up its conclusions like an analyst."

The business picture

The launch is part of OpenAI's push to sell to big companies, which tend to be more profitable customers. OpenAI's Chief Financial Officer, Sarah Friar, said at a Goldman Sachs conference that business customers made up roughly half of the company's revenue earlier this year. Rival Anthropic is also courting corporate clients. Anthropic is expected to go public as early as this fall, ahead of OpenAI's expected filing.

What is not known yet

The material does not say what the service costs or when each firm will get it. It also does not say how accurate the output is in practice. The story's title names Morgan Stanley and S&P as partners, but the details of their role were not given. For readers outside finance, the lesson is simple: AI that shows its sources is easier to check, and other fact-heavy jobs may get similar tools.