LTX, Wall Street's Broadridge-owned corporate bond trading platform, has launched BondGPT- a chatbot powered by OpenAI GPT-4 technology. With BondGPT, users can ask anything about bonds, from maturity dates to liquidity rates. While digitisation of bond trading has been slow to take off, firms such as Tradeweb, MarketAxess, and Bloomberg are changing that. BondGPT brings a virtual personal assistant to aid the optimization of electronic trading volumes.
Bloomberg unveils BloombergGPT, a language model built specifically for finance, trained on a vast dataset to improve financial NLP tasks and transform queries.
Microsoft's shares rise over 1% as Wedbush Securities report highlights the potential of AI integration, including ChatGPT technology, boosting the company's monetization opportunities. Analyst Dan Ives predicts Microsoft to benefit from the $800bn AI market over the next decade with a target share price of $375. #Microsoft #AI #ChatGPT #WedbushSecurities #DanIves #Monetization
Discover how Bloomberg Intelligence provides key industry insights and analysis with the help of Senior Industry Analyst Mandeep Singh. Learn about the increasing shift to personalized digital experiences and the growth of ChatGPT usage in Gen Z. Explore how ChatGPT offers excellent results compared to Google search but faces difficulty in monetizing subscriptions due to most of its users being unwilling to pay more than $10/month.