One of the superpowers of ChatGPT is its ability to simplify complex topics, which makes it an excellent educational tool for fledgling workers. SouthState is already seeing a significant productivity boost among its employees. ChatGPT is an intern’s new best friend, according to an executive at SouthState Bank who spoke at a recent American Banker […]
Tag: ChatGPT
Startup Kasisto created a banking-specific large language model (LLM), which it says is more bespoke, easier to customize, and less likely to “hallucinate” false info than generalized AI tools – and Westpac is its first user. Westpac is increasing its focus on generative AI through a deepened partnership with chatbot developer Kasisto. Kasisto just announced […]
ChatGPT is now powering treasury management: A startup built a privacy-preserving tool that lets businesses quickly search their bank data. There’s a new AI-powered chatbot to help execs with their financial analysis and planning. Trovata – a startup backed by JPMorgan, Wells Fargo, Capital One, and NAB – connects to corporate banking APIs to let […]
By analyzing central bank messaging for its level of dovishness or hawkishness and finding patterns in how it has historically affected markets, JPMorgan’s tool shows how AI models can give banks an edge in trading. JPMorgan debuted a ChatGPT-powered model for detecting the tenor of central bank messaging that can help interpret current signals and, ultimately, predict […]
Musings on ways to use generative AI in finance have continued: A tech leader at Goldman Sachs believes that large language models and chatbots could enable better knowledge sharing than traditional software-management systems, which have often failed to live up to expectations. A top Goldman Sachs executive suggests that an AI-powered chatbot could help the […]
Tech like ChatGPT – the AI-powered tool that can respond to prompts and queries in a human-like way – is helping Goldman’s developers get their work done, according to an exec. In some test cases, they’ve used it to write as much as 40% of their code automatically. Goldman Sachs is allowing its engineers to […]
ChatGPT – the AI-powered tool that can respond to prompts and queries in a human-like way – can help make vast proprietary datasets more accessible: Advisors can use it to access key information, quickly. Morgan Stanley Wealth Management is using GPT-4 – the newest version of the buzzy chat tool – to drive efficiency and […]
ChatGPT – the AI-powered tool that can respond to prompts and queries in a human-like way – puts data privacy, security, and control at risk for big FinServs, experts tell us. While banning employees from using the tool may provide protection in the short term, banks need to progress their overall AI strategies to integrate its […]
ChatGPT – the AI-powered tool that can respond to prompts and queries in a human-like way – can help make vast proprietary datasets more accessible: Non-techies can get quick answers without relying on data scientists. Sweden-based EQT, which invests in technology, healthcare, real estate, and infrastructure businesses, is using ChatGPT to streamline the use […]