Abrdn has started to give staff access to an in-house version of ChatGPT, making the FTSE 100-listed asset manager the latest financial services giant to embrace generative artificial intelligence technology.

“We’ve got our own version of AI running internally. I’ve been trained on it and many of my colleagues have been trained on it,” Abrdn chief executive Stephen Bird told Financial News. “We think there are applications right across the firm, such as producing investment reports. It gives you something like a 95% working draft.”