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BNP Paribas explores using AI to collect market data

The investment bank established a team to look at AI in trading in 2016, and a second one for generative AI last year

BNP Paribas said it was currently testing 26 use cases for generative AI
BNP Paribas said it was currently testing 26 use cases for generative AI Photo: Budrul Chukrut/Getty Images

BNP Paribas is looking at how large language models and generative AI could be used to gather data from text as well as non-structured sources.

The bank could use the technology to digest information from analyst calls, quarterly results and company announcements — text-heavy documents where information is not always standardised.

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