ChatGPT is about to plug straight into licensed financial data after the London Stock Exchange Group Plc signed a deal that lets the AI model pull news and market numbers directly, starting on December 8.
But according to OpenAI’s press release, the partnership will happen in phases. Users will be able to check and analyze data inside the app without needing any extra tools, LSEG said in a statement released Wednesday.
OpenAI’s Chief Revenue Officer, Ashley Kramer, said, “LSEG’s market data and analytics power decisions across global finance. Integrating that strength into ChatGPT makes it even easier for customers to ask complex questions and move quickly with confidence.”
LSEG’s stock gained up to 1.9% after the announcement and reversed earlier losses.
LSEG activates access for ChatGPT users
LSEG will give ChatGPT users who already have LSEG credentials access to its full stack of licensed market data and news. This includes content from Workspace and Financial Analytics, and users will reach it inside the app through the same phased rollout that begins the week of December 8.
The company said its data is already prepared for AI use and will flow through a Model Context Protocol connector, which acts like a universal plug for AI models so they can pull information from different tools without issues.
LSEG has been expanding its tech partnerships for years. Back in 2022, it signed a deal with Microsoft to work on several projects tied to artificial intelligence.
This new agreement with OpenAI reportedly extends that plan by pushing LSEG’s licensed content onto AI platforms used by traders and analysts, just as Wall Street banks are racing to adopt generative AI tools that can scan huge amounts of market information and deliver quick insights.
OpenAI has also been the subject of IPO speculation. Its chief financial officer recently shut that down, saying the company is not planning a near-term listing. That comment came even after OpenAI closed a $6.6 billion share sale in October that valued the company at $500 billion.
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