OpenAI Sued Amid ChatGPT Bank Account Launch

OpenAI has launched a new feature allowing ChatGPT Pro subscribers to connect their bank accounts, investment portfolios, and credit cards directly to the chatbot. This new personal finance experience is available in preview for Pro subscribers on web and iOS. What's interesting is this launch happened two days after a federal class action lawsuit was filed against OpenAI. The suit alleges the company secretly routed private conversation data from ChatGPT users to Google and Meta without consent. The class action claims these disclosures violated federal and state privacy laws. The new finance feature connects user accounts through Plaid, generating a live dashboard of spending and investment performance. ChatGPT can then answer questions using a user's real account data. However, the system cannot see full account numbers, initiate transactions, or move money. OpenAI has no legal obligation to act in a user's best interest, unlike a licensed financial advisor. This means users should be aware of these facts when considering connecting their financial information.