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

OpenAI released ChatGPT for Financial Services, a specialized version of its enterprise AI designed to help investment bankers research companies, analyze financial data, and create presentations by pulling information from financial databases and existing data sources. Built with GPT-4 Astra (OpenAI's latest model) and developed with Morgan Stanley and Evercore as design partners, this tool automates labor-intensive tasks traditionally performed by junior bankers, potentially raising questions about how Wall Street will need to train and hire entry-level employees in the future.