Is ChatGPT destroying Wall Street?

OpenAI rolled out ChatGPT for finance today.

It includes data on roughly 13 million companies and 3 million transactions.

You can give it a specific stock – anything from a company like Apple to a little-known business.

And get a full breakdown: how revenue and earnings are growing, how much debt the company has, how it stacks up against competitors. And how much the stock could be worth under different scenarios.

It pulls all of this together in Excel and backs it up with sources.

A professional deep-dive that a team of Wall Street analysts could previously spend days or weeks putting together can now be done with a single prompt in a matter of minutes.

The product was built in partnership with Morgan Stanley. There, 98%+ of financial advisor teams are already using the AI.

OpenAI is now testing the tool with banks and funds. The next step – add it to regular ChatGPT, so the kind of analysis used by the world’s biggest banks to evaluate virtually any asset could end up in anyone’s phone.