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OpenAI to let ChatGPT connect to bank accounts via Plaid integration

By

Jess Weatherbed

16d ago· 3 min readenNews

FeedBagel synthesis

· 2 sources

OpenAI is introducing a feature that allows ChatGPT users to connect their bank accounts via Plaid, giving the AI access to balances, transaction history, and investment portfolios. The Verge reported that the feature aims to help over 200 million monthly ChatGPT users with personalized budgeting and spending advice. Hacker News noted that the feature launches in preview for Pro subscribers at $200 per month, with a broader rollout planned later. Both sources highlighted significant privacy and trust concerns about granting an AI chatbot direct access to sensitive financial data.

Summary

OpenAI is introducing a new feature that allows ChatGPT users to connect their bank accounts via Plaid, a platform used by over 12,000 financial institutions. The feature aims to help the 200+ million monthly ChatGPT users who ask finance-related questions get personalized assistance with budgeting and spending. While OpenAI emphasizes security through Plaid's existing infrastructure, the move raises significant privacy and trust concerns about giving an AI chatbot direct access to sensitive financial data.

Key quotes

· 3 pulled
More than 200 million people are already going to ChatGPT every month with finance questions – from budgeting to tips on how to cut back on spending.
Now, users can securely connect their financial accounts.
Your trust in AI is about to be put to the test: OpenAI will soon let you give the chatbot direct access to your bank accounts.
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Your trust in AI is about to be put to the test: OpenAI will soon let you give the chatbot direct access to your financial accounts.

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