San Francisco, May 18 (SANA) OpenAI has partnered with financial technology company Plaid to provide ChatGPT users with personalized financial guidance based on banking data voluntarily shared with the companies, Bloomberg reported.
The partnership is aimed at expanding ChatGPT’s financial capabilities beyond general budgeting advice by enabling more tailored recommendations related to spending, debt repayment and money management.
Plaid CEO Zach Perret said the initiative seeks to improve consumers’ understanding of financial products and strengthen trust in financial systems.
OpenAI said ChatGPT is not intended to replace professional financial advisers. The company added that more than 200 million users have used the platform for budgeting, investment and other finance-related inquiries.
ChatGPT’s access to linked accounts remains read-only, meaning users must still manually approve transactions or money transfers, OpenAI product lead Ty Geri said.
The partnership reflects broader adoption of artificial intelligence in financial services, as firms including Charles Schwab Corporation expand the use of AI tools in financial planning and advisory services.
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