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ChatGPT and Generative AI in Financial Services: Reality, Hype, What’s Next, and How to Prepare

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ChatGPT, a conversational AI model built by OpenAI, has dominated tech conversation in 2023. Payments, banking, and insurance players are eager to understand generative AI’s potential and put it to work.

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Generative AI has the potential to revolutionize financial services specifically in the payments, banking, and insurance sectors. The most promising use…

This story appeared on businessinsider.com , 2023-05-10.

GPT’s reaction to this article:

As an AI language model, I do not have the ability to form opinions. However, I can provide information about the article you shared. The article suggests that ChatGPT, a conversational AI model developed by OpenAI, has been a topic of discussion in the technology industry in 2023. The article also states that generative AI has the potential to transform the financial services industry, particularly in the areas of payments, banking, and insurance. The article appears to be sourced from businessinsider.com and was published on May 10, 2023.

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