Bloomberg has unveiled BloombergGPT, an AI model designed to perform various natural language processing (NLP) tasks after training with a large set of financial data. The AI has been created to open new ways to use the data available within the company's terminal. The news has sparked reactions from the community, with some praising the development and others making their predictions for the future. A Wharton professor called it the "harbinger of the next wave of corporate AI," while others predicted that it may gamify financial markets on an unprecedented level, or replace financial analysts. The announcement comes amid news that Italy has blocked AI chatbot ChatGPT and opened an investigation over suspected violations of data privacy rules.

(By EZRA REGUERRA)