OpenAI adds a new personal finance feature to ChatGPT, allowing users to connect their financial accounts to the chatbot for budgeting advice.
Through a partnership with Plaid, ChatGPT users can connect their bank accounts, credit cards, investment accounts and other financial accounts for advice. OpenAI claims that ChatGPT supports over 12,000 financial institutions.
ChatGPT will provide a dashboard of how money is being spent, as well as an up-to-date view of wallet performance, spending, subscriptions, upcoming payments, and more. It will also allow users to ask finance-related questions, and OpenAI has provided a sample of questions that ChatGPT can answer by accessing a user’s financial accounts.
- Help me develop a plan to buy a home in my area within the next 5 years
- What did my recent vacation really cost me?
- I feel like I’ve spent more recently. Has anything changed?
- Can I afford to take a lower-paying job if it gives me more flexibility to stay home with the kids?
- What is the biggest risk in my portfolio?
- Look at my subscriptions and help me choose what to cancel
OpenAI claims that connecting financial accounts allows ChatGPT to provide a more personal and comprehensive financial guidance experience. ChatGPT will be able to see balances, transactions, investments, and liabilities, but it will not be able to see full account numbers or make changes to accounts.
The new personal finance feature is available to Pro ChatGPT users located in the United States and works on iOS and the web. Although the integration is limited to Plaid at the moment, OpenAI will soon add Intuit. Support for ChatGPT Plus subscribers will be added in the future after OpenAI improves it following feedback from Pro users.