The Scoop

Bloomberg has introduced BloombergGPT, a new AI model explicitly designed to handle financial tasks.

Why It Matters

• because it's personalized. Every company with extensive, proprietary datasets may soon build their own AI models tailored to their precise needs.
• because it's a game changer. The competition just got tougher for the poor little retailers trader. Just like ChatGPT did for communications, many expect BloombergGPT to revolutionize the finance industry.