AI Engineer

OpenAI targets the work junior bankers do. OpenAI launched ChatGPT for Financial Services Thursday (Sept. 10), according to an announcement on its website. The product is a tailored version of ChatGPT Work, built with Morgan Stanley and Evercore as design partners. It runs on GPT-6 Astra, OpenAI's newest model, and combines it with premium data from Daloopa, PitchBook, LSEG News and Crunchbase. OpenAI hosts and indexes that data on its own infrastructure, rather than requiring banks to build separate connectors, per the announcement. "We're effectively teaching ChatGPT to research like an analyst and back up its conclusions like an analyst as well," OpenAI Vice President of Product Nick Turley said, according to a Thursday CNBC report. The tool targets LBO modeling, buyer screening, earnings analysis and pitchbook creation, with citations tracing each figure to its source filing, the OpenAI announcement said. Anthropic built a similar product first. Claude for Financial Services connects to FactSet, S&P Capital IQ, Morningstar, PitchBook, Daloopa and Moody's through pre-built MCP connectors, alongside 10 ready-to-run agent templates for pitchbooks, know your customer (KYC) screening and month-end close, according to a May 5 Anthropic announcement. Citadel Head of Core Engineering Atte Lahtiranta, said in the announcement that analysts use Claude for Excel to "build and update coverage models, separate signal from noise, and pressure-test their work." The architectural split is real. Anthropic connects out to each provider's own system. OpenAI licenses and hosts several datasets itself, giving it tighter control over retrieval and citations. Startups already feel the squeeze. OpenAI's launch adds a second major lab to a fight AI native startups Rogo and Hebbia have faced since Claude for Financial Services shipped. Both startups turn written instructions into financial models, memos and pitch decks, plugging into a bank's paid data and its own files. Both also run on Anthropic, OpenAI and Google models. Rogo passed $50 million in annual recurring revenue, up more than threefold from $15 million at the end of 2025, and is on track for roughly $100 million by early next year, an unnamed source said, according to a Sept. 3 report from The Information. Both companies said the labs can't replace what they sell. Another unnamed source said in the same report by The Information that its agents behave "increasingly like your firm rather than like a generic Claude" once fed a bank's own history, an argument both companies make in different words about why deep integration with a specific firm's own data still matters more than a general-purpose model alone. Fight over who owns the workflow. OpenAI's choice to host some data directly, rather than connect out the way Anthropic does, signals a different bet on where control belongs. Selected datasets from Daloopa, PitchBook and LSEG News are bundled, indexed and hosted directly on OpenAI's own infrastructure, requiring no separate contract or connector. Other providers, including S&P Capital IQ, LSEG, MSCI, Dow Jones Factiva and Moody's, get a lighter sign-in integration instead, recognizing a user's existing entitlements rather than hosting the data itself, according to OpenAI's Thursday announcement. For Rogo and Hebbia, the bigger threat may not be the labs at all. Their own customers are building internal AI agents on the same underlying models. According to The Information report, Farsight CEO Samir Dutta, who also competes with Rogo and Hebbia, said most banks still lack the scoped use cases needed for effective in-house tools.

Farsight, PitchBook integrate to accelerate AI-powered financial workflows. Farsight Integrates with PitchBook to Accelerate AI-Powered Financial Workflows New York, NY - August 11, 2026 - Farsight, the leading platform for AI-driven financial workflow automation, today announced a significant expansion of its partnership with PitchBook, the leading private capital market intelligence platform. Building on the integration announced in September 2025, Farsight has deepened its PitchBook integration to bring Premium-level private capital data directly into the Farsight web application. Farsight customers can now access PitchBook's private capital data from within their Farsight workflow, including full deal information, investor and buyer information, and valuations and multiples. This data is available directly within the Farsight web application, alongside existing sources such as S&P Capital IQ and SEC filings, giving deal teams a more complete picture without switching platforms. Premium PitchBook data is available to existing PitchBook customers, who can connect their account via single sign-on to access the dataset from within Farsight. "The integration with PitchBook strengthens Farsight's ability to deliver on what deal teams need most, reliable data flowing directly into production-ready materials," said Samir Dutta, Co-Founder and CEO of Farsight. "When making decisions in private markets, the foundation is data you can trust, delivered where and when it's needed," said Tom Van Buskirk, Executive Vice President of Technology and Engineering at PitchBook. "This expanded integration with Farsight does exactly that - bringing PitchBook's depth directly into deal team workflows. That's how trusted data powers teams to move with confidence." The expanded integration supports financial professionals across investment banking, private equity, venture capital, and corporate development - enabling workflows such as building comparable company analyses, screening investment targets, enriching CRM data, and preparing investment committee materials, all from within a single platform. About Farsight Farsight is the system of judgment for financial services: an AI platform that captures markups and nuanced calls your bankers make and compounds that judgment into decision intelligence and client-ready deliverables across the deal lifecycle. From partner-level intelligence to pitch decks, CIMs, IC memos and models, Farsight helps teams ship faster and at higher quality without leaving email, PowerPoint, Excel, or Word. The company is headquartered in New York City and is trusted by leading firms across investment banking, private equity, and corporate development. About PitchBook, a Morningstar company As the pulse of private capital markets, PitchBook delivers trusted, real-time data, research, and technology to help investors, dealmakers, and innovators make decisions with confidence. Its products provide comprehensive information on companies, investors, funds, deals, and people, along with tools that help professionals analyze market activity and make informed decisions. Founded in 2007, PitchBook today serves more than 100,000 clients worldwide and is recognized as the leading source of private capital market intelligence. PitchBook has grown to over 3,000 employees across offices in Seattle, San Francisco, New York, London, Singapore, Mumbai, and other global locations. Since 2016, PitchBook has operated as a subsidiary of Morningstar, Inc.