BNY Signs Multiyear Deal with OpenAI

Bank of New York Mellon Corp signed an agreement for a multiyear relationship with artificial intelligence heavyweight OpenAI. According to a story in The Wall Street Jornal,  America’s oldest bank will gain access to cutting-edge OpenAI tools such as Deep Research and its most advanced reasoning models, supercharging the bank’s internal AI platform, Eliza. In return, OpenAI said it hopes to gain insight into how well its models work for complex tasks in the real world.  Eliza functions as both a chatbot trained on BNY knowledge and a platform where employees can select from a range of publicly available models to build AI tools and agents for specific use cases. All 52,000 employees have access. Through the deal, BNY will also gain access to ChatGPT Enterprise, OpenAI’s plan aimed at large companies. ChatGPT Enterprise has some overlapping capabilities with Eliza, but BNY will lean on complementary ones, giving licenses to a select number of users, including developers, product owners, and business leaders who will use it to explore cutting-edge features from OpenAI. The features include Deep Research, an agent that can take in large amounts of online information to complete multistep research tasks, and Operator, which can access the internet through its own browser and click, scroll and type as a person would. Operator is in early research preview but will be available for ChatGPT Enterprise at some point.