OpenAI Launches ChatGPT for Financial Services With Morgan Stanley and Evercore

OpenAI shipped a version of ChatGPT built specifically for Wall Street this week, pairing its newest model with paid market-data feeds so its answers come from real financial data rather than general internet knowledge.

Key Points:

• ChatGPT for Financial Services pairs GPT-6 Astra with licensed data from LSEG News, PitchBook, Daloopa, and other financial data providers, and cites the specific source line behind each answer it gives.

• Morgan Stanley and Evercore worked with OpenAI on the product, which is aimed at company research, financial modeling, and drafting client materials — tasks currently done largely by junior investment bankers.

• The heavy emphasis on granular, traceable citations reflects the compliance reality of financial services: an answer that can't be traced back to its source isn't usable in a regulated industry.

This is the clearest sign yet that general-purpose chatbots are giving way to industry-specific products built around one sector's data and compliance needs, rather than one assistant trying to serve every industry equally well.

Why It Matters: A clear signal that enterprise AI is going vertical and industry-specific — financial services firms evaluating AI tools should ask vendors for the same line-level source citations OpenAI is building here.