Last Updated on September 12, 2026 by TMB
OpenAI has officially rolled out a version of ChatGPT designed to support financial companies. The new tool will help these companies analyze financial data and create presentations that clients and investors can use and rely on.
On Thursday, OpenAI said it introduced ChatGPT for Financial Services, combining its newest and most advanced model, GPT-6 Astra, with financial data from various sources. According to an official announcement, OpenAI created the new tool in collaboration with global financial and investment services firms, Evercore and Morgan Stanley. OpenAI says the three firms have successfully figured out how OpenAI can solve some of the stubborn issues many financial institutions face as they carry out their responsibilities.
ChatGPT for Financial Services Providers
OpenAI’s Vice President of Product, Nick Turley, said the point is to teach ChatGPT how an analyst would do research and back up their conclusions. During a live demonstration of the new version, Turley showed how the tool would use financial figures pulled from official data sources to create a full presentation deck as it analyzes a possible merger and acquisition (M&A) deal.
The official OpenAI post explains that the new tool enjoys direct access to premium data culled from market data providers such as LSEG News, Daloopa, Crunchbase, and PitchBook. ChatGPT for Financial Services then analyzes and indexes the data for better accuracy and provides citations so bankers and analysts can trace every figure to its source.
OpenAI says these premium financial data points will cover everything from financial statements to earnings transcripts and other company fundamentals. Furthermore, institutions with access can have their teams use the datasets immediately without worrying about additional connectors. Essentially, the data will be hosted on OpenAI’s infrastructure to enable easy retrieval and reduce potential latency.
OpenAI’s Collaboration with Design Partners
The announcement states that its design partners – Evercore and Morgan Stanley – are central to the tool, and promises that OpenAI will continue to train its models to find, interpret, and better present the datasets.
Morgan Stanley noted the importance of continuously finding ways to solve its clients’ problems. It stated in OpenAI’s publication:
“We’re working alongside OpenAI to bring that intelligence into how we research companies, develop analysis, and prepare advice. We can test ideas together and help shape how the technology develops. For our firm, that means a product increasingly informed by our people, our methods, and the work that matters to our clients.”
While financial giants like Morgan Stanley and Evercore continue to push these frontiers with AI, a Goldman Sachs exec recently raised a concern. According to Chris Churchman, the partner leading an AI project at the bank, “cognitive atrophy” is a concern. Churchman believes people can outsource reasoning to AI models, making them less likely to reason first from their own principles. He warns that reasoning remains important and that people should not delegate it to AI.
