ChatGPT is moonlighting as a financial analyst after its parent company, OpenAI, announced a team-up with PitchBook yesterday.
OpenAI and PitchBook, the go-to research platform for private markets information, are launching PitchBook Navigator, a chat-based tool that leverages AI for startup-related research. That means ChatGPT will tap PitchBook data to do tasks like due diligence and market analysis, completing work that typically takes days within hours.
PitchBook data will also be infused directly into ChatGPT’s own platform for subscribers who don’t want to switch tabs. The new integration could help investors gain insight into the private market, which has been stealing some of the S&P 500’s spotlight.
With more startups choosing to stay private even as their valuations reach eye-popping levels, investors want a peek behind the private-market curtain now more than ever:
Win, Win: For OpenAI, a tie-up with PitchBook gets ChatGPT closer to out-competing traditional search engines like Google. For PitchBook, ChatGPT is the latest addition to its AI integrations. It also has partnerships with Anthropic, Perplexity and other AI companies that can help solidify its position as a Wall Street must-have as more financial execs turn to AI.
