ChatGPT connects to bank accounts
This has been reported by OpenAI.
To implement the new feature, the developers have entered into a partnership agreement with the major financial network Plaid. It is Plaid that will provide a secure connection between the artificial intelligence and banking systems.
Once connected, users will be able to integrate their data with the AI to automatically track subscriptions, monthly bills and overall cash flow. The chatbot will analyse spending habits and provide recommendations on how to optimise the budget.
OpenAI specifically highlights the limitations of the new system:
- Read-only – the feature is strictly for information purposes only;
- No transactions – the chatbot cannot make transfers, pay bills or carry out any other financial transactions; Limited access – the service is currently in preview mode and available only to ChatGPT Pro subscribers in the US.
The developers note that ChatGPT’s vision is to go beyond simply answering questions and help users take action to improve their financial lives. We are working on this with trusted ecosystem partners such as Intuit.
“A user can go from receiving a recommendation on [applying for – ed.] a credit card to understanding their chances of approval and submitting an application [for a loan – ed.], or from asking about the tax implications of selling shares to receiving a reliable tax estimate and booking a consultation with a local tax expert,” they add.
Despite the obvious convenience for those who dislike doing their own home accounting, the launch has sparked serious debate among cybersecurity experts.
After all, financial information is one of the most sensitive categories of personal data. Analysts suggest that many users will be wary of granting the chatbot direct access to their banking history due to the risks of data leaks or its use to train future AI models.
As a reminder, it was previously reported that artificial intelligence will be able to create its own next generations by the end of 2028.
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