OpenAI Uses ChatGPT to Build Custom Forecasting Apps

Jackson, from OpenAI's data science team, explained how this new workflow streamlines the forecasting process. He works closely with the strategic finance team, and together they've developed a method to build interactive UIs that facilitate collaborative forecasting.

This eliminates much of the manual effort previously required. The process begins with a prompt to ChatGPT.

What Happened

Jackson initiates the monthly forecast by asking it to pull the latest actuals, update the data science baseline, and build an interactive finance forecast using Sites. Sites, described as a tool for anyone to build and host websites with no code and.

• By building these bespoke applications, OpenAI is not only improving efficiency but also fostering better collaboration between its technical and financial teams, ultimately driving more informed strategic decisions.

• This innovative approach to financial forecasting demonstrates how even leading AI companies are applying AI and custom tooling to optimize their internal operations.

• This level of interactivity and dynamic updating marks a significant departure from traditional static spreadsheet-based forecasting.

Key Details

The output is a dynamic interface that presents the data science baseline, prior forecasts, and allows for scenario building at an aggregate level. The interactive UI provides a visual representation of the data, enabling users to 'eyeball' trends and project them for.

• This ensures that aggregate numbers are also adjusted in real-time, maintaining data integrity across the forecasting model.

• What makes this particularly powerful is that adjusting the forecast for a single account automatically updates the entire model in the background.

• The interface shows the baseline and a green line representing adjustments that can be made directly within the UI.

Why It Matters

Jackson highlighted an example with 'Apex Inc.', one of their larger accounts.

• Crucially, the system can also break down the forecast by account.

What Reports Say

Coverage of the story so far points to:

• Continued reporting by StartupHub.ai as more details emerge