OpenAI, developer of the ChatGPT chatbot, has launched a preview of its personal finance product to Pro users of its software in the US.
Users will be able to connect their financial accounts to allow ChatGPT to provide a dashboard of how they are spending their money and ask relevant personal finance questions. The company said this will provide users with a fuller picture of their finances, adding that the number of different financial platforms currently in use can make it difficult to know “what to do next”.
Currently, Pro users are able to link their accounts via open banking API provider Plaid, with plans to introduce support for Intuit in the near future. Once the data is authenticated, ChatGPT will break it down, creating charts to map spending across different categories, track portfolio distributions and alert users to upcoming payments.
Users will additionally be able to share pertinent financial information including savings goals, mortgages or planned major purchases. ChatGPT is then able to store that information for future use, which OpenAI said is a key part of its value-add, helping customers to “connect the dots” between their accounts and goals.
In the longer term, OpenAI hopes to work with partners to go beyond simply answering questions to helping users improve their financial lives. For instance, it said, by partnering with Intuit a user could go from getting a credit card recommendation to understanding their approval odds and submitting an application.
Trusting a third party with your financial information can be daunting, and OpenAI stresses that its chatbot is not able to see private information such as account numbers, nor is it able to make changes to your accounts.
In order to build the capabilities required for GPT 5.5-Pro to answer financial questions accurately, the company worked with over 50 finance professionals across leading institutions to benchmark the software, it said. The model currently scores 82.5 out of 100 in internal tests, which the company said represents a weighted average of response quality and accuracy as graded by experts.
Yesterday, a California jury decided in OpenAI’s favour in its trial against multibillionaire and early investor Elon Musk, clearing a major hurdle to its potentially $1 trillion initial public offering later this year.
