Washington DC, Sept. 11 -- OpenAI has launched a finance-focused version of ChatGPT designed for financial institutions, bringing premium financial datasets, financial modelling tools and enterprise security controls into a single platform.

Called ChatGPT for Financial Services, the product is initially focused on investment banking and equity research. OpenAI said its work with financial institutions including Morgan Stanley and Evercore helped identify the biggest challenges faced by their teams.

"Reliable access to data and high quality artifact creation proved to be the biggest pain points for their teams," OpenAI said, adding that its work with partners will help shape further product improvements and expansion into other financial...