New chatbots reveal limitations of legacy API development

As large language models that underpin the likes of ChatGPT and Bard come to market, vendors and trading firms are starting to see the benefits—and challenges—that open APIs provide.

As 2022 came to a close, OpenAI’s ChatGPT burst onto the scene and captured everyone’s attention. Nearly four months later, that audience is still enrapt—even if bank compliance departments aren’t as enamored.

Released to the public on November 30, 2022, as a research preview by artificial intelligence laboratory OpenAI, the chatbot heated up the conversation around generative AI, what it can offer users, and the use of the large language models (LLMs) that underpin ChatGPT. For capital markets

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Interoperability is not AI

Dan Schleifer, co-founder of, explains how desktop interoperability underpins new AI developments.

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