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OpenAI did this with your health data in January. Now it wants your financial data too.
The company announced today that ChatGPT users can connect their bank accounts through Plaid, the financial bridging platform used by 12,000 institutions including Chase, Fidelity, Capital One, and Schwab. Once connected, ChatGPT gets a full view of your balances, transaction history, active subscriptions, investment portfolio, and liabilities like mortgages and credit card debt. In return you get a spending dashboard, personalized financial advice, and a chatbot that can flag unusual changes in your habits.
It’s launching in preview for Pro subscribers at $200 a month. OpenAI says Plus and eventually everyone else comes later.
What it can do and what it can’t
via OpenAI
OpenAI is careful about framing the boundaries. ChatGPT cannot make changes to your accounts or see full account numbers. Users can disconnect at any time, delete saved financial memories, and opt out of having their data used for model training.
What it can see is everything else. Your balance. Every transaction. Your stock portfolio. What you owe. And once connected, OpenAI has up to 30 days to delete your data after you disconnect which means pulling the plug isn’t quite as clean as it sounds.
The training opt-in is worth reading carefully too. The default isn’t entirely clear, and “Improve the model for everyone” as the label for sharing your financial data with OpenAI’s training pipeline is doing a lot of friendly framing around a significant decision.
The pattern
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