An article summarized by Quartz:
OpenAI is launching new personal finance features inside ChatGPT that allow users to connect their bank accounts and receive AI-powered financial guidance. The feature, launching in preview for U.S. Pro subscribers, uses a partnership with Plaid to connect with more than 12,000 financial institutions, including major banks and brokerages like Chase, Fidelity, Robinhood, and American Express. Users will be able to track spending, monitor investments, manage subscriptions, and review upcoming bills directly inside ChatGPT.
OpenAI says the system is designed with security in mind and only has read-only access to financial data, meaning ChatGPT can analyze transactions and balances but cannot move money or make changes to accounts. Users can connect accounts through a new “Finances” section in ChatGPT, ask financial planning questions in natural language, and later disconnect their accounts or delete stored financial data through settings. OpenAI also said financial conversations will not be used for AI model training for users who have already opted out of data sharing.
The launch marks OpenAI’s latest push into consumer financial services and follows its recent acquisition of AI finance startup Hiro. The company says more than 200 million users already ask ChatGPT financial questions every month, and future updates could include tax analysis and credit approval insights through planned integrations with Intuit. The feature is currently limited to ChatGPT Pro users paying $100 per month as OpenAI gathers feedback before potentially expanding it to lower-tier subscribers.
