OpenAI automates junior investment banking tasks
OpenAI has introduced ChatGPT for Financial Services, a specialized platform powered by the GPT-6 Astra model and developed alongside major institutions like Morgan Stanley. This new tool integrates high-quality data from sources such as S&P Global and PitchBook to automate complex tasks traditionally performed by junior Wall Street bankers. Users can now generate financial models, research notes, and pitchbooks that automatically format to a firm's specific style within Excel and PowerPoint. While industry experts highlight the significant efficiency gains and the shift toward AI-driven…
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