Singular Bank has developed an internal assistant called Singularity. This tool uses OpenAI's ChatGPT and Codex technologies to automate tasks for bankers. According to the bank, using Singularity saves them between 60-90 minutes per day on meeting preparation, portfolio analysis, and follow-up activities. --- Why it matters: This development matters because it showcases the potential of AI-powered tools in streamlining business processes and increasing productivity. By automating routine tasks, Singularity can free up bankers to focus on more complex and high-value work. Source: https://openai.com/index/singular-bank