ChatGPT is set to integrate directly with licensed financial data following a significant deal signed between OpenAI and the London Stock Exchange Group Plc (LSEG). This partnership, commencing on December 8, will allow the AI model to access and utilize news and market numbers directly.
According to OpenAI’s press release, the integration will be rolled out in phases. LSEG stated in a release on Wednesday that users will be able to check and analyze data within the ChatGPT application without the need for any additional tools.
OpenAI’s Chief Revenue Officer, Ashley Kramer, commented on the collaboration, stating, "LSEG’s market data and analytics power decisions across global finance. Integrating that strength into ChatGPT makes it even easier for customers to ask complex questions and move quickly with confidence." Following the announcement, LSEG’s stock experienced a gain of up to 1.9%, reversing earlier losses.
LSEG Activates Access for ChatGPT Users
LSEG will provide ChatGPT users who possess LSEG credentials with access to its comprehensive suite of licensed market data and news. This access will encompass content from Workspace and Financial Analytics. Users will be able to retrieve this information directly within the ChatGPT application through the phased rollout that begins the week of December 8.
The company indicated that its data is already optimized for AI applications and will be transmitted via a Model Context Protocol connector. This connector functions as a universal interface, enabling AI models to seamlessly extract information from various sources without encountering compatibility issues.
LSEG has been actively pursuing technological partnerships for several years. Notably, in 2022, the group entered into an agreement with Microsoft to collaborate on multiple projects focused on artificial intelligence.
This latest agreement with OpenAI is understood to further this strategy by making LSEG’s licensed content available on AI platforms utilized by traders and analysts. This development occurs at a time when Wall Street institutions are rapidly adopting generative AI tools designed to process extensive market information and generate rapid insights.
OpenAI has also been the subject of speculation regarding a potential Initial Public Offering (IPO). However, its chief financial officer recently addressed these rumors, asserting that the company has no immediate plans for a public listing. This statement was made despite OpenAI securing a $6.6 billion share sale in October, which valued the company at $500 billion.