Brex Inc., a highly valued startup that makes software for finance professionals, is turning to the same artificial intelligence (AI) tool behind ChatGPT to build a service that can answer questions about corporate budgets, policy, and spending.
These features are currently being tested and will be released widely this summer, the company said Tuesday. The service relies on OpenAI's GPT language generation system—the same software that was used to build ChatGPT, the popular AI chatbot released in November.
The move would bring a controversial technology to the buttoned-down world of corporate finance and budgeting. In addition to helping CFOs and other executives, it would enable employees to get answers to questions like "Am I going to go over budget? How can I buy this? And have we already bought something like this before?" said Brex CEO Henrique Dubugras.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.