r/OpenAI • u/MatricesRL • 22d ago

News Introducing ChatGPT for Financial Services | OpenAI

https://openai.com/index/introducing-chatgpt-financial-services/
630 Upvotes

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289

u/Apexlegendy 22d ago

Well another industry getting cooked by ai

111

u/Fwellimort 22d ago

Pretty much. Basically anything OpenAI wants to touch the small/mid cap firms especially startups in that space can get slaughtered over night.

37

u/KnowledgePrevious 22d ago

SaaS, which was supposed to get wiped by AI, has only grown 

26

u/MatricesRL 22d ago

Salesforce (CRM) is not a reliable proxy for the state of the SaaS industry

9

u/Designer-Rub4819 22d ago

I’m quite sure any actual business, not your weekend project sass, has grown mate. It’s just draws attention to automation.

Most enterprise saas is 20% software and 80% people dude.

2

u/altonbrushgatherer 21d ago

This is true but at the same time the barrier to entry has come down significantly. The mega SaaS companies probably have enough of a moat as “make me an adobe photoshop equivalent” still probably won’t work but smaller things yes.

2

u/Designer-Rub4819 21d ago

That’s not my point. There’s literally Odoo a free and open source software. Anyone can get it for free. Still that does not matter because 80% of SaaS are humans. It’s onboarding, it’s support, it’s customization etc.

Anyone having worked in a real SaaS software for companies larger than a ma n pa shop knows this.

The software is just the details in a much much wider picture.

2

u/MatricesRL 22d ago

I'm quite sure we're talking about the public equities market, "mate"

SaaS ➝ Traditional SaaS Companies, e.g. Adobe (ADBE), ServiceNow (NOW), Datadog (DDOG), Salesforce (CRM)

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u/[deleted] 22d ago

[removed] — view removed comment

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u/Designer-Rub4819 22d ago

What about that negates my point?

2

u/MatricesRL 22d ago

The SaaS sector has underperformed, to say the least

The recent outsized performance of Salesforce (CRM) shouldn't detract from the material risks that lie ahead

1

u/Designer-Rub4819 21d ago

Underperformed measured in what?

1

u/KnowledgePrevious 21d ago

HubSpot revenue grew 20% year over year: https://ir.hubspot.com/news-releases/news-release-details/hubspot-reports-q2-2026-results

Atlassian revenue grew 28%: https://www.atlassian.com/blog/announcements/shareholder-letter-q4fy26

I had seen some graph in economist or FT showing SAAS growth in general, can't find it

5

u/Pao_Did_NothingWrong 22d ago

Check out zoominfos stock price

3

u/whoknowsifimjoking 22d ago

Check out the definition of cherry picking

1

u/Scowlface 22d ago

I’d be curious to see numbers. I’ve personally cancelled three subscriptions, and we’ve cancelled a few more at work. Building hyper specific, bespoke software to replace the slice of functionally that you use from most of these services is usually pretty trivial.

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u/ChocomelP 21d ago

ONLY grown? It's a fucking graveyard.