Morningstar and PitchBook Bring Trusted Investing Intelligence to Apps in ChatGPT

Core Insights - Morningstar and PitchBook have launched new applications integrated with ChatGPT, allowing licensed users to access investment data and insights through natural language prompts [1][2] - The integration aims to enhance decision-making for investors and financial professionals by combining OpenAI's AI models with Morningstar and PitchBook's trusted intelligence [2][4] Group 1: AI Integration and Features - The new apps provide natural-language Q&A capabilities, enabling users to receive instant, sourced answers from authoritative databases [5] - Users can access analyst-backed ratings and research across public and private markets without leaving the ChatGPT platform [5] - The integration emphasizes enterprise-grade security, ensuring data governance and security suitable for the financial industry [5] Group 2: Strategic Vision and Development - Morningstar's ambition is to become the essential intelligence layer for investing, providing comprehensive ratings and insights [3] - The integration builds on previous collaborations with various AI tools and platforms, enhancing the capabilities of both Morningstar and PitchBook [3][4] - PitchBook has introduced additional integrations with large-language models and AI tools to improve deal sourcing and financial research [3] Group 3: Future Directions and Enhancements - The companies are focused on scaling AI-powered data collection while maintaining independent standards and human oversight to improve reliability and processing speed [6] - AI will be embedded across various workflows to accelerate insights in products and services, including PitchBook Navigator and Morningstar Direct [6][7] - The goal is to broaden the reach of differentiated data and insights through strategic partnerships with leading AI applications and LLM providers [7]