OpenAI and Anthropic Integrate Financial Services via Plaid API
What happened
OpenAI launched a feature called Finances in ChatGPT for Pro subscribers in the United States in May, later extending it to Plus subscribers in late June. This feature allows users to connect bank, card, and investment accounts through the Plaid service. Concurrently, Anthropic is testing a 'Money' section in its Claude iPhone app that enables users to link bank accounts and discuss spending and plans. The Anthropic feature is not available in the web version and is not supported for Jamaican bank accounts.
From jamaicaobserver.com
Why it matters
The two companies are integrating financial services into their offerings, utilizing the Plaid API to connect to over 12,000 financial institutions. This move sees the two largest AI companies entering the financial services market through consumer applications.
From jamaicaobserver.com
Who's involved
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The entities involved
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
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Plaid
financial technology company specializing in bank login verification
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