Investment Banking

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

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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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