OpenAI Launches ChatGPT for Financial Services

OpenAI released a version of ChatGPT built for the financial services industry on September 10, combining its latest AI model with data from providers including LSEG, PitchBook, and Daloopa to target investment bankers and equity researchers.

The product, ChatGPT for Financial Services, was developed with Morgan Stanley and Evercore as design partners. It is powered by GPT-6 Astra, which OpenAI said was built to improve retrieval across financial data tools, financial reasoning, and the accuracy of generated content. Users can research across multiple sources, build financial models, and generate client materials such as pitchbooks using their firm's own templates.

The service includes datasets from Daloopa, LSEG News, PitchBook, Crunchbase, Quartr and others, covering earnings transcripts, financial statements, and company fundamentals. OpenAI said the data is indexed on its own infrastructure to improve retrieval and citation. Firms that already hold data subscriptions can connect them through integrations with FactSet, S&P Global, Preqin, and Datasite.

The launch reflects a broader push by AI companies to build products for regulated industries where data governance and security are central concerns. The product builds on ChatGPT Enterprise's existing controls, including role-based access and encryption, and allows compliance teams to export workspace logs into audit workflows.

OpenAI said it plans to expand the breadth of financial data available and further train its models to interpret and apply that information across tasks traditionally handled by experienced analysts. The company also intends to extend the product beyond investment banking and equity research into the wider financial services sector.

The move places OpenAI in direct competition with Anthropic and other AI developers that have been courting enterprise customers in finance, a sector where accuracy, auditability, and data provenance matter more than raw capability.