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AI may prove big deal for finance — but don’t hold your breath
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Shortly after the launch of ChatGPT last November, I asked the head of M&A at a leading investment bank whether any of his team was using it. No, he replied. Because he had banned it.
He was worried about how he would train up his juniors if they could use ChatGPT to do research into companies and markets. “That’s how they learn the business,” he said.
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