MARKET UPDATES

SA firm builds GPT for finance analysis

1 min Read September 25, 2023 at 11:55 AM UTC

Highlights

FinanceGPT is a generative AI startup built by South African entrepreneurs to help companies in their financial analysis tasks.
The startup has over the last two years grown to attract a diverse range of clientele including investment managers and finance officers out to fast-track their fiscal reporting.
Per its founders, FinanceGPT is also working on a financial voice assistant that will be competent in some African languages to deliver financial advisory services.

Our Takeaway

Artificial Intelligence has been generating buzz worldwide, and Africa is no exception. With the release of OpenAI’s consumer-facing ChatGPT tool and the viral success of other generative AI tools, interest in the technology has reached unprecedented heights. But its impact goes beyond generating text or images; it’s being used to solve a wide range of problems across different sectors globally, including Africa.

African startups and businesses are increasingly adopting the technology in fields like healthcare, education, agriculture, and transportation to improve efficiency and drive growth.

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