Nick Turley
ON THE RECORD · 7 verbatim quotes · every quote source-verified
“We're effectively teaching ChatGPT to research like an analyst and back up its conclusions like an analyst as well,”
Nick Turley · said 2026-09-10 · reported 2026-09-10
Turley said during a briefing announcing ChatGPT for Financial Services that OpenAI is teaching the tool to research and back up conclusions like a Wall Street analyst.
“It's very easy to make slides that look good, but it's much harder to make slides [that] actually make sense,”
Nick Turley · said 2026-09-10 · reported 2026-09-10
During a live demonstration of the new offering, Turley explained that creating visually appealing slides is easier than producing slides that are analytically sound.
“To get here, ChatGPT had to choose the relevant peers. It had to pull the prices into a spreadsheet. It had to check the chart against the data, and it had to explain the sell-off and the rebound.”
Nick Turley · said 2026-09-10 · reported 2026-09-10
Turley described the steps ChatGPT performed in a live demonstration analyzing a potential M&A target.
“a ton of demand”
Nick Turley · said 2026-09-10 · reported 2026-09-10
Turley said there was strong demand for this version of ChatGPT, initially geared toward investment banking and equity research, but declined to name banks that signed on.
“a number of sectors”
Nick Turley · said 2026-09-10 · reported 2026-09-10
Turley told reporters during the briefing that OpenAI plans to release tailored solutions for multiple sectors beyond financial services.
“If you study the life of an analyst or of a banker, depending on the industry, they're working 100-hour weeks,”
Nick Turley · said 2026-09-10 · reported 2026-09-10
When asked whether ChatGPT would reduce the need to hire junior bankers, Turley noted analysts and bankers work very long weeks.
“I think in the same way that Microsoft Excel transformed the industry and allowed them to produce better analysis faster, you will see technology like this do the same.”
Nick Turley · said 2026-09-10 · reported 2026-09-10
Turley framed the release as an efficiency boost, comparing it to how Microsoft Excel transformed the banking industry.