OpenAI just launched ChatGPT for Financial Services, a tailored workspace built for investment banking and equity research teams. Powered by GPT-6 Astra, it bakes in data from PitchBook and LSEG, offers granular citation tracing to source filings, and automates valuation models.
The SEC's Gary Gensler just warned that an AI-triggered financial crisis is "nearly unavoidable" by the late 2020s or early 2030s. The danger isn't necessarily one reckless trader, but entire Wall Street institutions quietly relying on the same underlying foundation model or data aggregator. Why it matters: Regulators are built to police individual banks, making systemic AI monocultures a massive blind spot.
