Inspired by the same underlying technology that powers OpenAI’s GPT, Bloomberg LP has developed BloombergGPT. The model is set to be integrated into features offered through Bloomberg’s terminal software, according to a company official’s recent interview with CNBC.

This in-house AI model takes artificial intelligence to the next level. It boasts the ability to provide more precise answers to questions like “Who is the CEO of Citigroup Inc.?”, but it can also evaluate whether headlines carry a bearish or bullish connotation for investors and can craft headlines based on brief snippets of information.

The race for LLM dominance is heating up. Microsoft and Google are scrambling to incorporate generative AI into their offerings, and Amazon says it’s getting into the game, too. Everyone I know is working on an AI app; we learn about three to five new AI startups (or “killer apps”) every day.

Bloomberg’s foray into the world of AI is a clear indication of the shifting landscape across industries. Productivity is the key driver of economic growth, and every company (no matter the industry) can benefit from an increase in productivity. It seems the ability to automate tasks that were once solely within the realm of human capability is irresistible.

Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit



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