OpenAI 金融服务负责人 Joseph Kim 访谈:打造 ChatGPT 金融产品与模型品味训练 Latent Space 2026-10-31

OpenAI 金融服务负责人 Joseph Kim 访谈:打造 ChatGPT 金融产品与模型品味训练

9 节

我真的认为,基于 ChatGPT 插件将会诞生价值十亿美元的业务。但我们所构建的内容中,有 95% 是初创公司或其他公司完全也能做出来的。

英文原文 >> I I really do think that there's going

to be a billion dollar business built on

top of a

chat GPT plugin. But 95%

of what we built was something that

absolutely a startup could do, another

company could do.

在 OpenAI,我们之前在预训练方面遇到了问题,因此在扩展模型时遇到了困难。在 2026 年,我们已经能够解决其中的许多问题。

英文原文 >> At OpenAI, we ran into problems with

pre-training and therefore had

difficulty scaling the model. In 2026,

we've been able to solve many of these

issues.

[音乐]

英文原文 >> [music]

ChatGPT 金融服务的发布与未来展望

今天我们邀请到了来自 OpenAI 的 ChatGPT 金融业务负责人之一 Joseph Kim,以及我们在演播室的联合主持人兼 Latent Space 编辑负责人 Richard。这是一个特别的节目。我们在纽约的 AI Finance 现场。Joseph 刚刚发表了一场精彩的主题演讲。我想我们不必重复大部分信息,所以大家坦白说可以直接去看演讲,不过还是请你用大约 30 秒概括一下你谈论的内容,留下一些线索,大家可以去看完整的主题演讲。

英文原文 >> Today we have Joseph Kim, one of the

heads of chat GPT finance from OpenAI,

and our co-host and head of editorial

from Latent Space, Richard, in the

studio. It's a special episode. We're

here in New York at AI Finance.

Joseph just gave a great keynote.

I think we don't want to repeat most of

the information, so honestly go watch

it, but give give like a 30-second of

what you talk about and then we'll leave

the breadcrumbs. You guys can go watch

the keynote.

好的,没问题,我可以快速做个 30 秒的介绍,概括一下我们刚才聊的内容。

第一,我们刚刚发布了一款新产品,面向金融服务的 ChatGPT(ChatGPT for Financial Services)。这是一款面向企业的产品,真正试图将 ChatGPT 的强大功能——也就是大家在消费级产品中非常喜欢使用的工具等功能结合起来,同时也加入了企业层,支持公司专有模板,以及 Dilupa、标普(S&P)等数据来源。这非常令人兴奋。我们一直在与设计合作伙伴摩根士丹利(Morgan Stanley)和 Evercore 合作,反响非常不可思议。这就是演讲前半部分的内容。

演讲的后半部分则更加前瞻,深入思考我们在模型改进方面看到的一些趋势线,并将这些趋势线延伸到未来,尝试思考:好的,这些模型在 2027 年中或 2027 年底将能够做什么?这对在这些模型之上构建产品的人们意味着什么?以及你该如何提前为未来短短几个月内即将到来的智能水平做好规划。

英文原文 >> Sure, yeah, I can give a quick 30-second

intro to kind of what we just chatted

about.

One, I would say like we just released a

new product, chat GPT for financial

services. This is an enterprise-focused

product that's really trying to bring

the power mix the power of chat GPT,

kind of the tools and things that you

really, you know, like to use in the

consumer product, but also add in the

enterprise layer so that firm-specific

templates,

you know, sources like Dilupa, S&P, etc.

And so really exciting. We've been

working with our design partners Morgan

Stanley and Evercore on that, and

reception to that's been incredible. So

that was kind of the first half of the

talk. And in the second half of the

talk, really much more forward-looking,

so thinking deeply about some of the

trendlines that we're seeing in terms of

model improvements, and drawing those

trendlines out to the future and trying

to think a little about, okay, like what

are these models going to be able to do

at the end of, you know, mid-2027, end

of 2027, and what does that mean for

folks that are building products on top

of that model, and how can you kind of

start to plan ahead to the intelligence

that comes in, you know, just a

matter of months.

从研究到产品:金融数据的上游训练与企业现实

我觉得这是一个非常有趣的时期,因为你其实来自研究端。现在你领导着许多产品和工程工作,但请告诉我们,打造一个金融专属产品需要什么?你在主题演讲中提到,当你们推出 ChatGPT 工作版时,用户数量出现了一次上升。当时 Codex 开始面向大众提供,人们开始将其用于金融领域,而现在你们正在推出首款金融产品。金融推理数据到底是什么样的?金融专属模型中都融入了什么?

英文原文 >> I think it's a fun time because you

actually come from the research side of

things. So you now lead a lot of the

product and engineering, but tell us

what it takes to make a

financial-specific product. You

mentioned in the keynote that there was

sort of an uptick in users when you

launched ChatGPT work. So, Codex started

to become available to the masses.

People start using it for finance, and

now you're shipping your first finance

product. What is like financial

reasoning data like? What goes into

finance specific models?

是的,这是一个很好的问题。我想说的一点是,我们为金融推理分析所做的所有训练数据,都是在上游融入我们所谓的“大运行”(big run)中的,也就是最终成为 6 Astra 或 61 Astra 等主干模型的训练运行。因此,尽管我们在模型中添加了大量金融数据,但它是进入主模型的,因而对于想要在其基础上进行构建的人来说也是可用的。这对我们非常重要。

在 OpenAI,我们确实希望这种智能不仅能为我们在内部以第一方方式构建的产品所用,而且也能让那些希望在其基础上打造初创公司、建立业务的人,以及希望将其直接整合到公司内部的金融机构所使用。因此,我们会让所有这些智能在那里都可以获取。

你刚才谈到了一点产品与研究的关系,我认为这确实是我们在 OpenAI 工作的核心。在内部,我们将自己称为一家“研究与部署公司”(research and deployment company)。这意味着——我们特意按这个顺序组织结构——研究排在第一位,部署排在第二位。因此,当我们考虑归根结底要改变人们进行知识工作的方式时,我们基本上是按这个顺序工作的,对吧?我们首先考虑模型的能力、未来的发展方向以及能赋能哪些新事物。这是第一点。第二点,我们会非常深入地思考应该构建哪些产品功能和界面形态,以让更多人能够接触到这种模型智能。

我想你提到了我在主题演讲中的一张幻灯片,我们在那里展示了 Codex 在 OpenAI 内部的采用率图表。挺有意思的,因为你可以看到软件工程的采用曲线,基本上是一直稳步向右上角攀升。人们开始使用它并将其融入日常工作流程中。但如果你看金融、法务和销售,之前几乎全都是零,然后突然一下子跳升到了 90%。如果你看那条曲线,试图弄清楚在跳升发生的前后发生了什么——我们在 2 月份发布了 Codex 桌面端应用,也就是在那时采用率激增。因此,我确实认为这在某种程度上表明了协同开发这两者的重要性,而产品的目的就是让尽可能多的用户能够获得这种模型智能。

英文原文 >> Yeah, it's it's a great question. I

mean, one thing I will say is that like,

you know,

all of the training data that we do for

financial, you know, reasoning analysis,

we do upstream into what we call the big

run, which is the the main kind of run

that becomes, you know, something like 6

Astra or 61 Astra, etc. And so, even

though we're adding a bunch of financial

data to the model, it's going into the

main main model, and so therefore it's

available to folks that want to build on

top of it. And that is something that's

very important to us.

You know, at OpenAI, we really do want

that intelligence to be accessible not

only to our products that we're building

in-house in first-party ways, but also

for folks that want to build startups,

build businesses on top of that, as well

as, you know, financial firms that want

to integrate that directly into their

companies. And so, we will make all that

intelligence accessible there.

I think you touched a little bit on

product and research, and I think that's

like really core to what we do at

OpenAI. Internally, we call ourselves a

research and deployment company. And so,

what that means and we kind of structure

that in order on purpose, like research

comes first, and then deployment comes

second. And so, as we think about, you

know, at the end of the day trying to

change the way that people do knowledge

work, we kind of work in that order,

right? We think about the model

capabilities, where they're headed, what

kind of new things they enable. So,

that's one. And then two, we think very

deeply about the product features and

surface areas that we should build to

make that model intelligence accessible

to more people. And I think you alluded

to to a slide in my my um

keynote where, you know, we had this

chart of Codex adoption within OpenAI.

And it's funny because you can you can

see the the software engineering

adoption curve, and it's just like up

into the right pretty steady. People are

picking it up and and incorporating into

their daily routines. But if you look at

finance finance, legal, and sales, you

know, it's pretty much at zero, and

suddenly it kind of jumps up to 90% and

if you and if you look at that line and

try to see what happened around the time

where it jumped up, we we had released

Codex desktop app, um, you know, in

February and that was when that adoption

jumped up. And so, I do think it kind of

shows the importance of co-developing

those things and the purpose of the

product is to make that model

intelligence accessible to as many users

as possible.

那么,在使用 Codex 处理金融应用的数据增长中,你们学到了哪些东西,随后将其应用到了金融数据的后训练(post-training)中?

英文原文 >> So, in the, you know, that uptick of

data for using Codex for financial, you

know, applications, what sort of things

did you learn that you then applied into

the post-training of financial data?

是的,这是个好问题。我可以谈谈我们是如何构建 ChatGPT 金融服务版的。这非常独特。我们并没有构建太多的第一方产品。我认为 Codex 算是我们最大也是最主要的一个,那是我们第一次开发一款产品时,将产品、模型评测/测试(model hardness)以及研究全部整合在同一个部门、同一个屋檐下,这确实给了我们很大的灵活性去推进构建工作。

我认为在过去大约 6 个月里从事这项工作中,我获得的最大感悟是:在企业级领域,你必须直面所处行业的现实,并围绕这一现实去构建。我认为这一点很容易被忽视。如果你仅仅从第一性原理出发去思考,你可能会得出一个看似合理的结论,而且你能用逻辑和推理来捍卫它。但如果你忽略了开始构建时所处世界的现状,忽略了行业内起作用的力量——无论是竞争力量,还是人们各自的目标——如果你不去思考这些,你就无法打造出正确的产品,对吧?

我们在 ChatGPT 金融服务版中看到了这一点,并且深入思考了这个问题。我给你举一个例子:数据。数据是我们思考如何构建产品的一个非常巨大的组成部分。数据属于从第一性原理来看有些难以捍卫的事情之一,因为当我说起要在这个产品上推进这项工作时,你说:“嘿,我想把季度财报电话会议纪要引入产品并进行捆绑。”人们会说的第一句话通常是:“看,应用商店里已经有 MCP 连接了。你把它捆绑进去能提供什么增量价值?在纸面上这看起来很糟糕。客户可能已经拥有相关许可了,所以他们可能会觉得自己在重复付费;而且他们可能已经有 MCP 了。那你为什么还要做这个?”

而现实情况是,我们实际去测试了所有这些 MCP。我们发现错误率非常非常高。我们连接的一些知名大型服务的 MCP,错误率甚至超过了 40%,对吧?所以 MCP 这种东西在纸面上看起来很好,但你必须看数据,看看实际发生了什么。所以在数据方面我们认为:“看,这太糟糕了。我们在规模化层面解决这个问题的唯一途径就是将数据引入内部,端到端地控制这种体验。”为了捆绑这些数据而额外支付的费用是完全值得的,对吧?因此这是我们必须做出的一个高度针对特定行业的产品决策。这一决策在客户中引起了共鸣。客户非常喜欢,他们提到的第一件事就是数据。所以,这起到了作用。

英文原文 >> Yeah, it's a good question. I would say

like, yeah, I could talk a little bit

about how we went about building ChatGPT

for financial services. It's it was very

unique. We we haven't built a whole lot

of first-party products. I would say

like Codex was really like our biggest

and main one and

it was the first time we developed a

product where the product, the model

hardness and the the research was all

kind of under one house and under one

roof and it really gives us a lot of

flexibility to

go about building things. I think the

biggest takeaway that I have from having

worked on this for the last 6 months or

so

is in enterprise, it's, you know, you

have to deal with the reality of the

industry that you're in and go build

around that. And I think that piece is

it's easy to ignore. Like if you just

think about it from first principles,

you can come to a conclusion that makes

sense and you talk about it and you can

defend it with, you know, with logic and

reason. But if you ignore the state of

the world that you 're in when you start

building and the forces that are at play

within the industry to try, you know,

it's either competitive forces, people

have their own objectives. And if you

just don't think about that, you're not

going to build the right product, right?

And so, we saw that with, um, ChatGPT

for financial services. We thought about

that a lot. I'll give you one example.

Um, data. Data is like a huge part of

how we thought about, um, building the

product. And, you know, and and data was

one of those things where on first

principles it was a little bit tough

when I was talking about build working

on this product to defend because, you

know, you say, "Hey, like I want to go

and bring quarter earnings transcripts

into the product and bundle it." And the

first question that the first thing

people are going to say are is, "Look,

there's an MCP connection in the store.

Like what is what is the incremental

value that you're providing by at

bundling that in? On paper it looks bad.

It's like you can they might already

have a license for it, so they might

feel like they're paying twice for it.

Um and they might have an MCP. And so

like why are you building this? And the

reality is we went and we tested all

these MCPs. And what we found was the

error rates were were really really

high. Some some of the MCPs that we

connected some big names 40% plus error

rate on their MCPs, right? And so um

MCPs is one of those things where it it

looks way on paper, but you have to go

see look at the data and see what's

actually going on. And so for data we're

like, "Hey look, this is really bad. The

only way we can go about fixing this at

scale is to bring the data in house,

like just control that experience end to

end." And the extra money that you pay

on top to bundle that data is worth it,

right? And so that was a product

decision that we had to make that was

very industry specific. Um and it's been

resonating with customers. Customers

love it. They you know, the number one

thing they call out is the data. And so

um it worked.

插件架构与构建特定领域产品的最佳实践

你们在这方面取得了很大的成功。请从技术层面为那些针对特定业务构建适配框架的人讲讲吧。你们对 Codex 进行了调整,做了后训练,做了打造 ChatGPT 金融服务版所需的各种工作。如果有人想在法务、销售等其他领域做同样的事情,最佳实践是什么?你们学到了什么?直接采用现成模型并在其周围真正构建出某种产品,都需要投入什么?

英文原文 >> So, you had good success in this. Tell

us about the technical side of things

for people building a harness adaptation

for a specific service, right? So, you

guys went out, you changed Codex, you

did post training, you did whatever you

did to make ChatGPT for financial

services. If someone was to do the to do

the same for another domain, say legal,

sales, whatever, uh what are the best

practices there? What did you learn?

What goes into just taking off the shelf

and actually, you know, making a certain

product around it?

是的,我很喜欢这个问题。

我也试着在演讲中提到过这一点,有趣的是,谈论后训练方面的事情很有意思,因为这是我们所做的独特工作,也让人们感到兴奋;但我们所构建的内容中,有 95% 是初创公司或其他公司绝对也能做到的。我们其实并没有借助我们直接修改模型的能力去打造出出色的产品,对吧?因此我认为提到这一点非常好。

我想说的大致有两点。第一,我们构建的大部分产品是建立在 Codex——或者我现在应该说是 ChatGPT——的插件架构和插件原语(primitives)之上的。这是我们投入了大量时间和精力的领域。OpenAI 是一家很有意思的公司,如果初创公司要在 OpenAI 之上进行构建,他们在内部面临的问题,我们内部同样也会面对。因此在很大程度上,我的团队就像是一家在 OpenAI 技术之上构建产品的初创公司,对吧?所以即使在内部,我们也需要为像我这样的团队找到可扩展的方式,站在巨人的肩膀上,在 Codex 之上进行构建。Codex 非常出色,它拥有极佳的记忆力,具备良好的技能,具有持久性。Codex 有很多非常精彩的地方,但我团队的核心论点是:Codex 可以带你走完打造一款在市场上取得成功的产品所需的大约 80% 的路程,但还缺少 20%。因此,我们需要找到某种方法让我的团队去构建这 20% 以真正赢得市场,因为该论点的另一半在于:如果你仅仅直接拿 Codex 当作金融产品发布,它是会失败的。因此那 20% 实际上至关重要。

所以我想说的是,我们基于插件架构进行了构建。它使用的正是任何想在 ChatGPT 之上构建的开发者都可以使用的原语。我在演讲中说过一句话:我真的认为,基于 ChatGPT 插件将会诞生价值十亿美元的业务。你将能够利用所有这些通用横向功能,只需在上面添加你自己的“独门秘方”(secret sauce)。这种独门秘方可能是数据,可能是 UI 的改进,也可能是某种系统集成;但这套独门秘方非常有价值,我认为在那里可以创造出价值十亿美元的成果。

英文原文 >> Yeah, it's a yeah, I like the question a

lot. Um

it it you know, I tried to allude to

this in my keynote as well, but the like

interesting thing is, you know, it's fun

to talk about the post training stuff

because it's unique to what we do and uh

gets people excited, but 95%

of what we built was something that

absolutely a startup could do, uh

another company could do. And we didn't

really have to go leverage our ability

to go make changes in the model to go

about building fantastic product, right?

And so I think it's a great call to kind

of mention that piece. Um what I would

say is like uh twofold. One is most of

the product that we built was built on

top of the Codex um

or I should say ChatGPT now, um, plugin

architecture and plug and primitives.

And that is something that we've been

investing a lot of time and energy in.

Um, you know, OpenAI is like an

interesting company where, you know, we

have we kind of face the same problems

internally that a startup would face,

uh, if they were to build on top of

OpenAI. So, in very in a lot of ways

like my team is kind of like a startup

that's building on top of OpenAI

technology, right? And so, um, even

internally, we need to find scalable

ways for teams like myself to stand on

the shoulders of giants and build on top

of Codex, right? The Codex is fantastic.

Um, it's got great memory. It's got good

skills. Like there's a you know, it's

persistent. Um, there's a lot of things

that are wonderful about Codex, but the

thesis of my team was Codex was Codex

will get you about 80% of the way to a

product that would be successful in the

market, but, you know, um, the 20% is

missing. And so, we need to find some

way for my team to go build that 20% to

actually go win cuz the other half of

the thesis was if you just took Codex

and launched it as a finance product,

um, it would fail. And so, that 20% is

actually pivotal. And so, what I would

say is we we went and we built on top of

the plugin architecture. It's using the

same primitives that are available to

any of the builders that want to go

build on top of, um, ChatGPT. And I you

know, I had a line in my, um,

presentation, but I I really do think

that there's going to be a

billion-dollar business built on top of

a uh ChatGPT plugin, right? Like it's

like you're going to be able to leverage

all of that horizontal functionality and

just add your secret sauce on top. And

that secret sauce might be data, it

might be UI changes, um, it could be an

integration, but, you know, that secret

sauce is really valuable and I think

there's there's a billion dollars worth

of value to be built there.

金融场景下的安全体系:人机协同与组织化质检

是的,对这个行业来说现在是一个有趣的时期,因为我们所处的时间点上,编排(orchestration)正变得越来越自动化,智能体团队能够自主开展工作。但在金融领域,显然伴随着很多风险。你能谈谈融入产品中的安全机制吗?

英文原文 >> So, uh, yes, it's an interesting time

for the industry cuz we're at a a time

now where orchestration is uh

is becoming a lot more automated, you

know, teams of agents going out and

doing things. But for finance,

obviously, there are a lot of risks uh

involved in that. So, can you talk a bit

about about the safety sort of uh that

you've baked into the product?

是的,安全极其重要。而且它只会变得越来越重要,因为智能体已经变得越来越自主、越来越独立,我们预计这种趋势将在 2027 年和 2028 年持续下去。

对于我们上个月构建并发布的产品而言,在安全、审慎审计工作以及确保模型不会犯下影响业务成果的错误方面,已经存在大量现成的范式,我们能够大量借鉴这些范式。我们推出的现有产品是面向该领域知识工作者的生产力工具。因此,其背后的理念是深度假设始终有“人类在回路中”(human in the loop)。

其逻辑在于:你是一名金融分析师,当天有一长串待办事项。就像软件工程师使用 Codex 一样,对于其中的每一项任务,你首先做的是尝试用 ChatGPT 来完成。根据具体任务的不同,它可能会帮你完成 30%,也可能帮你完成 80%,但始终存在人类在回路中进行主导监管的假设。这使得我们非常容易构建出一款产品,将审计和审查的责任交给人类,纳入人们的职责范围。这为我们提供了很好的效果,而且很容易沟通传达。这非常好。

不过我想说,我们正在深入思考接下来的演进方向。而下一步的发展形态与需要人类始终监控的生产力工具大不相同。在思考未来的方向时,我们主要考虑两件事:

第一,我们如何将产品的安全配置文件塑造为人们能够直观理解的形式。人们能够极其直观理解的一件事就是如何与他人协作。因此我们的论点是,如果我们将产品做得与你跟同事、实习生及周围人协作的方式非常相似,那么人们就能非常快速、轻松地掌握并适应。因此,我们需要将产品的安全配置塑造得像人一样。这里有几点我想指出:首先是“读写权限”的概念,即使对人也是如此。比如你作为一名新入职的软件工程师进入一家公司,我以前在谷歌,往往需要通过一种叫“代码可读性认证”(readability)的机制。在你可以开始调整触碰系统之前,会有这套制衡机制和系统存在。因此,监控人类工作的系统早已就位。如果模型的行为更像人类,你就可以借助这些现成体系。这使得与这些金融机构沟通和推进合作变得非常容易。这是我们接下来正在大力投入的方向。

最后我想说的是,至少在我们起步的银行业背景下,初级分析师负责大量基础工作,其成果会移交给关联协理人员(associates),由协理人员进行审查;然后协理人员加入自己的核心价值、独门逻辑和推理判断,再移交给副总裁(VP);副总裁再上报给董事(director)、董事总经理(MD)。因此存在这样一套层级系统,其中暗含着层层核查机制。这套系统早已建立,专门用来防止人类犯错;毕竟人类犯的错误跟模型一样多。相关的系统早已存在。因此,在构建金融产品方面,我们也在大力借鉴这些现存的系统架构。

英文原文 >> Yeah, um, safety is super, super

important. Um,

I would say that like and it's only

going to get more important uh because

the you know, the agents are already

getting more autonomous and more

independent. And I think that trend we

expect it to continue into '27 and into

'28. Um I would say if uh

for the for the product that we built

and launched last month, um we there was

a bunch of paradigms that already

existed um as it pertains to safety um

and you know, being thoughtful around

auditing the work, making sure that the

model's not making a mistake that's

going to impact business outcomes. And

we were able to lean heavily into those.

And and what I would say is the existing

product that we launched is a

productivity tool for knowledge workers

working in this space. And so the idea

behind it is there's a a deep assumption

that there's always a human in the loop,

right? Like So the idea there is, you

know,

you're a financial analyst and you have

a a laundry list of things you want to

get done that day. And and just like how

a software engineer would do with Codex,

for every one of those items, the first

thing you do is try to build it with

ChatGPT, right? And it might get you 30%

of the way there, it might get you 80%

of the way there depending on the task,

but there's always this presumption of

humans in the loop uh that are presiding

with that work. And um that made it very

easy for us to to build a product where

we could kind of pass off the

responsibility of auditing review uh

into the people's hands and into

people's responsibilities. And that

worked for us well and it was easy to

communicate. Um so that was wonderful. I

will say we're thinking very deeply

about what comes next. And and what

comes next looks different uh than than

a productivity tool um that sits and and

is always being monitored by a human.

And I think as we think about what comes

next, there's kind of two things we're

thinking about. One is

how do we kind of shape the security

safety profile of the product into

something that people understand

intuitively. And

some I would say something that people

understand very intuitively is how to

work with other people. Um and so our

thesis is if we make the product very

similar to how you work with your your

co-workers, your interns, people around

you, that is something that people can

pick up and learn very quickly, very

easily. And we And therefore we need to

shape the security profile of that to

look like a person. And so there's a few

things I'll call out there. One is

there's this notion of read-write, uh uh

you know, even for people. Like, uh

you're a new software engineer at a

company, you oftentimes, you know, I was

at Google, you need you need something

called readability. And so, there's

these kind of like checks and balances

and systems in place before you can

start mucking around touching the

system. And so, there's already systems

in place to monitor the work of people.

So, if if models behave more like

people, then you can leverage those

systems. And that makes it very easy to

kind of talk about and work through this

um with these financial institutions.

So, that's something we're leading into

pretty heavily coming up. And the very

last thing I would say is, at least in

the context of banking, which is where

we kind of started, um there's already

this system in place for junior analysts

doing a lot of the groundwork. Uh their

work gets passed off to associates.

Associates are reviewing the work. Um

then the associates are kind of adding

their secret sauce, their magic, their

reasoning. That gets passed off to the

VP. VP goes up to the director, managing

director. So, there's this kind of like

a hierarchical system where there's this

implicit work checking that's happening.

That's already been built out to stop uh

to try to prevent against uh mistakes

that humans make, right? Like humans

make just as many mistakes as models.

And so, there's systems that are built

there. And so, we're also leaning

heavily in terms of those systems as it

as it pertains to building financial

products.

明白。

英文原文 >> Okay.

事实性错误与品味判断:模型能力的突破与短板

金融界似乎有一种误解,认为一个错误就会不断放大,如果你提交了错误的内容,你的整个职业生涯都可能面临风险。人们应该如何看待开始使用它?如果是一名分析师,该如何使用这些工具?你对于我们当前所处的阶段有什么类比吗?例如自动驾驶有不同的自治级别。我记得你的一张幻灯片上写着到 2027 年你认为将不再有 PowerPoint,很多人都会在工作回路中使用 AI 工具。

英文原文 >> I say there's this like sort of

misconception where in the finance

world, one mistake really compounds.

Like your your whole career is at risk

if you submit something wrong. How

should people think about getting

started in using it? So, if you're an

analyst, um how should you use these

tools? And do you have like any

analogies towards where we're at right

now? So, there's like levels of

self-autonomy in self-driving. One of

your slides I think said like 2027 you

see no more PowerPoint. A lot of people

will be using AI tools in the loop.

是的。

英文原文 >> Yes.

那么,人们应该如何看待我们现在所处的位置以及未来的发展方向?如果他们抱有“只要犯一个错,我的职业生涯就完了”这种误解,他们该如何采用这些工具?

英文原文 >> So, how should people think about where

we are now and where things are going

and how should they adopt these tools if

they have that misconception of like one

mistake, my career's over.

是的。

英文原文 >> Yes.

显然现在有人类在回路中,但随着他们需要卸载越来越多的任务,他们未来该如何看待这件事?

英文原文 >> Obviously, there's human in the loop,

but how should they also think about it

going forward as

they need to offload more and more or

好的,太好了。对此我有两个视角,它们始于不同的假设。

我认为“犯一个错误职业生涯就完了”这种观念本身是不准确的,我顺着这一思路有相应的考量。但我们先假设它是真的,对吧?在假设其为真的情况下,我想说的是:并非所有错误都是等同的,也并非所有模型能力都是等同的。当你思考模型或人类可能犯下哪些终结职业生涯的错误时,通常是在达到某个级别之后才会发生。比如如果你是副总裁,风险就比初级分析师要高,因为有在此之前工作已被核查的前置假设。因此如果董事总经理(MD)看到了错误,那是一个巨大的问题,意味着许多安全网都失效了,错误才会传递到 MD 面前,对吧?

但我想说的是,断送职业生涯的错误通常是指你在某项事实上完全弄错了,而该事实信息改变了结论。这显然是你可能犯的最大一类错误。而我想说的是,我们正在看到模型在细节关注度方面取得巨大进步。“幻觉”在 2022 年、2023 年曾是一个经常被提及的重要词汇,如今已经很少被提起了。我们在模型处理事实性错误的可靠性方面开始看到巨大的改进。因此,对于那种会导致你被解雇的恶劣错误,模型正变得越来越擅长规避,并且还会继续大幅提升。所以我其实非常有信心,持续的改进加上现有的系统核查机制,将使得这类错误传递到 MD 面向的概率变得极低,对吧?

而在我看来,模型目前所缺乏且仍需改进的,其实并不是这种断送职业生涯的错误,而是涉及人类判断力和品味(taste)的部分。比如“这张幻灯片看起来很丑”,对吧?它本身没有错,但排版、配色看起来有些失调,某些地方看起来很粗糙,因此这不是一张好幻灯片。这并不属于事实错误那种断送职业生涯的错误,但它仍然很重要,关系到这项工作的实用程度。因此,当我们思考走向 2027 年的发展进程时,我认为模型在人类品味这一维度上会有极大改善。这也是我在演讲中提到的:我认为模型在更偏软性目标函数的人类品味上会变得好得多。这不再是“它对还是错?”,而是比较性质的——“是否存在比这更好的方案?”我认为模型未来在这方面会有很大进步。

英文原文 >> Yeah. No, that's that's wonderful. Um I

I have two perspectives on this. And

they come they start with different

assumptions. Um I think

I I think the notion that like my

career's over if you make one mistake is

an incorrect notion. And I have a line

of thought that like follows that. But

let me let's the first assume that it's

true, right? And and in the case that

it's true, what I would say is like not

all mistakes are created equally and not

all model capabilities are created

equally. And so when you think about the

mistake that a model or a human could

make that could be career ending,

you know, it's it's usually once you get

up to a certain level. Like if you're a

you know, VP the stakes are higher than

when you're a junior analyst because

there is a presumption of work having

been checked up to that point. So if an

MD MD sees a mistake, that's a huge

problem. A lot of the safety nets have

been, you know, have failed for that

mistake to make it up to an MD, right?

Um but what I would say is like, you

know, the career ending mistake is

something where you get a piece of

information factually incorrect. And

that piece of factual information

changes the conclusion. Like that is

obviously like the kind of the biggest

type of mistake that you can make. And

what I would say is we're seeing a lot

of progress in in

attention to detail. And you know, the

hallucination used to be a big term that

used to come up in 2022, 2023 that

doesn't come up nearly as often

nowadays. I would say that like we're

starting to see huge improvements in the

liability of models as it pertains to

factual mistakes. So the the kind of

egregious mistake that would get you

fired, models are getting much better at

and continue to get much better. And so

I feel actually quite confident that a

combination of that continual

improvement plus the existing system

checks in place are will make it such

that, you know, that type of mistake,

the chance of that propagating up to an

MD is just very low probability, right?

What I would say

the models are lacking today and they

still need to improve is actually not

the career ending mistake,

but it's the

it's the bit that involves human

judgment and taste. So it's the this

slide looks ugly, right? And it's it's

not wrong, but it's formatted like the

colors look a little bit off. Something

about it looks sloppy and therefore, you

know, this is not a good slide. And and

that's that's not a career ending

mistake in the way that in in like a

factual mistake is,

but it It matters. It still matters in

terms of how useful that work is. And

so, as we think about the progression in

going into 2027, what I would say is I

expect the model to get much better at

the human taste component. And that's

what I was kind of alluding to in my

keynote is I think the model will get

much better at human taste on things

that are softer objective functions.

It's not is it right or wrong? It's

comparative. It Is there something

that's better than this? And I think

models are going to get much better

along that dimension moving forward.

如何训练“品味”:奖励模型与编程领域的成功先例

怎么做呢?我们如何解决品味问题?如何将品味训练到模型中?

英文原文 >> How so? How do we solve taste? How do we

train taste into the models? Um

是的,挺有意思的。在非常早期的阶段,我们训练模型基本上完全依赖品味,对吧?也就是基于人类反馈的强化学习(RLHF)。人类反馈始终是一种成对(pairwise)的信号:给定两个选项,哪一个更好?因此,强化学习的早期阶段就是建立在对人类品味进行训练的理念之上的。后来显然出现了可验证奖励(verifiable rewards)、环境等机制,我们构建了大量机制来进行其他类型的奖励和其他类型的强化学习。于是人们在某种程度上忘记了强化学习的早期阶段全都是围绕人类品味展开的。

那么,如何针对人类品味进行训练呢?我认为技术层面的答案其实非常简单,当然实际操作层面的答案会更复杂一些。实际的解决方式就是训练一个奖励模型(reward model),对吧?你只需训练一个奖励模型。让一群人类查看成对的生成内容,并指出哪一个更好。这种方法至今依然有效。

比如一个有趣的事实:我们对幻灯片就是这么做的,对吧?如何让这些模型更擅长生成演示文稿呢?我们就找一群人对比两张幻灯片,指出哪一张看起来更好。人类实际上在审美判断方面极其出色,对吧?我们发现人类在这方面其实比模型好得多。一个人可以在几秒钟内看完两张幻灯片并判断出哪张更好看;而如果你让一个模型——比如评分模型——去做这件事,它会消耗大量的推理 token 去分析这个像素怎样、那个细节如何,最终得出的还可能是错误结论。因此,人类在让这些模型变得更好方面依然极其有价值。我们会大量依赖人类偏好来赋予模型诸如品味之类的特质。这是第一点。

最后我想补充的是,这方面是有先例的,这让我们确信这一策略行得通。这个先例就是编程代码。

代码模型虽然还没有被完全解决,但可以说我们已经完成了 80% 的路程,并正在攻克最后 20%。编程正是可验证奖励与人类品味的结合,对吧?可验证奖励是诸如:代码是否能编译?是否存在语法错误?函数的输出是否符合预期?因此这里有到位的可验证奖励;但优秀的软件工程有很大一部分关乎:这是否是干净的系统设计?你构建的系统长期来看是否易于维护?是否易于进行单元测试?它是否遵循了绝大多数社区或行业认为是正确的范式?

如果从这个视角来看,很多金融工作看起来非常相似:我有一个 Excel 模型,求和对不对?有没有引用错误(#REF!)?有大量的可验证事项可以让我们检查,以确保工作通过了第一关的合理性检查;但同样有大量问题关乎“这是否是我构建此模型的方式?”我在进入金融领域工作后学到的一点是,存在所谓“模型的质感”(the feel of the model)的概念:微调扰动输入参数,然后观察输出结果。一名经验丰富的金融专业人士可以通过微调输入、观察输出,从而直观理解数据流经这个模型的方式感觉是否良好,对吧?这是一种人类偏好,非常类似于“这段代码看起来是否整洁?写得好不好?”我认为我们在编程领域的成功,让我对我们能够在金融领域解决许多此类问题充满信心。

英文原文 >> Yeah. I So,

it's funny. Like very early on in the

like early early chess days, the only

thing we trained models on were

essentially taste, right? Like the there

was reinforcement learning through human

feedback. And the human feedback was

always a pairwise signal. It was like

given two options, which one's better?

And so, the early days of reinforcement

learning were built on the notion of

training on human taste. Uh and then

obviously things like verifiable rewards

and environments and all you know, we

built a lot of machinery to do other

types of rewards and other types of RL.

And so, people kind of forgot that a lot

the early days of of RL reinforcement

learning were all around human taste.

And so, how do you train on human taste?

It's I think the technical answer is

quite simple. I think the like practical

answer obviously is more complicated. Um

the practical answer is you just train a

reward model, right? You just train a

reward model. You get a bunch of humans

to look at pairs of things and say which

one is better. And this still works. Um

so, like um fun fact, like we did this

for our slides, right? Like I mean, how

do you how do you go about making these

models better at generating

presentations? Well, we just get a bunch

of humans to look at pairs of slides and

say which one looks better. And humans

are actually really, really good at

aesthetic um judgment, right? Actually

much better than models is something

that we discovered. Is like a human can

look at two slides and within seconds

say this one looks better. And if you

have a model, like a grading grading

model, try to go about doing that, um

it's going to spend a whole bunch of

reasoning tokens this pixels this way,

this thing's that, uh and then maybe

comes to the wrong conclusion. And so,

humans are still really, really valuable

in making these models better. And so,

we will we will rely a lot on uh human

preference um to imbue things like

taste. So, that's one. Um, the last

thing I'll kind of add is there's

precedent for this, which makes us

confident that this strategy will work.

And that precedent I would say is

coding.

Um, the models have gotten I would say

coding is not fully solved, but like

let's say we're 80% of the way there and

we're making progress on the on the last

20%. Um, coding is a combination of

verifiable rewards and human taste,

right? And so, the verifiable rewards

are, you know, does the does the code

compile? Are there syntax errors? Um, is

the output of the function expected? Um,

and so there's these verifiable power

rewards that are in place, but a lot of

good software engineering is um, is this

clean system design? Did you build a

system that's maintainable over time?

Um, is it easy to unit test? Is it

following paradigms that the vast

majority of the community or the um,

industry thinks is the right paradigm?

And if you look at it from that lens,

um, financial uh, a lot of financial

work looks very similar. It's the, you

know, I have an Excel model, does it sum

up? Are there reference errors? There's

a whole bunch of verifiable things that

we can check to make sure that the work

is passing this the, you know, first

pass sanity check, but there's also a

lot of is this the way I would have

built this model? Um, something I

learned about as I started working in

finance is there's this notion of like

the feel of the model, which is, you

know, you you kind of perturb the inputs

and you look at the outputs. And an

experienced financial professional can

kind of perturb the inputs, look at the

outputs and kind of understand does the

data flow through this model in a way

that feels good, right? And that is a

human preference that looks a lot like

does this code look clean? Is it well

written? And I think our success in

coding gives me confidence that we can

solve a lot of these problems in finance

as well.

是的,我们可以顺便提一下 Cognition 的 Frontier Code。它不仅像 SWE-bench 那样注重“答案是否正确”,还关注“你是否愿意合并这段代码”。所以你可能会有多个都能通过测试的合规 PR,但你会合并哪一个?这也是为什么有时你会看到推理 token 较少反而表现更好的图表,但它其实也是一个品味基准(taste benchmark),对吧?

英文原文 >> Yeah, we can shout out a frontier code

from cognition. So, it's not only like

sweet bench is very um, you know, is the

answer correct? This is also would you

merge the code? So, you can have

multiple answers that are proper PRs

that pass, but which one would you

merge? And that's why you sometimes see

the charts of lower reasoning is better,

but it's a taste benchmark as well,

right?

从基础任务迈向投资逻辑与高阶推理

是的。你的另一个关于 2027 年的预测我觉得很有意思:你正在训练的模型在投资逻辑(investment thesis)以及产生投资和交易构想方面将变得更加出色。

但显然,经验丰富的金融专业人士非常擅长这一点,他们对此类事情有一种直觉;但这通常与市场上的主流观点相反,否则获得超额回报的机会就会变小。那么在训练智能体从事此类工作方面,你们是如何应对这个难题的?

英文原文 >> Yeah. And uh, one of your other 2027

predictions I thought was interesting

was that uh, you know, the models that

you're training will become much better

at, you know, investment thesis and sort

sort generating ideas for investment and

trading.

Um but obviously, you know, uh that's

something that humans are uh well

experienced kind of financial

professionals are very good at and they

kind of have an intuition for that kind

of thing, but it's often counter to the

prevailing wisdom out there. Otherwise,

you know, uh there's less of a chance of

it making a a great return. So, how how

are you tackling that problem in terms

of training the agents to do that kind

of work?

是的。

我想说,到目前为止,绝大多数 AI 在金融领域的应用都非常集中在我所谓的初级分析师的工作上。

我认为这是出于两个原因:第一,你必须根据当今模型的能力来构建产品。如果看当今模型的能力,它们非常擅长接收关于具体要做什么的指令并去执行,对吧?比如“给我做一张幻灯片,我想让它长成这样,做漂亮点,使用我们的模板”等等。模型非常擅长做这些事情,因此我们围绕这些构建了产品体验。

另一件我想指出的是,人们强烈倾向于让模型去做好人类不擅长或不喜欢做的事情,对吧?我交流过的大多数人——当然也有例外——很多我交流过的人……大家交流过的人,哈哈,他们真的很不喜欢做 Excel 模型。这是一种枯燥繁琐的工作,极其注重细节,很容易出错。幻灯片也是如此:你需要复制 logo,极其精准地放置在页面的特定位置。这是很多人不喜欢做的极其繁杂的工作。因此,这也是推动我们去专注于其中某些任务的动力之一,对吧?这是这两者的结合:现有的模型能力非常擅长某些特定类型的任务,同时人类对喜欢做什么和不喜欢做什么的偏好也在帮助推动产品的方向,对吧?正是这两者的结合。

我认为我们已经解决了这两者中许多“唾手可得的果实”。因此进入 2027 年,我们将开始向业务栈的更高层推进,对吧?我们将从初级分析师能做的事情,推进到协理人员能做的一些任务,再到董事总经理会做的一些任务,沿着这个链条向上移动。随着你沿着链条往上走,目标函数会变得更加模糊。它不再是“这显然是一张好幻灯片还是坏幻灯片,或者我们能否将它呈现在客户面前”,而是“我不知道这个投资构想是否良好”。而且可能需要等待 3 年的时间,才能根据市场的实际走势给你一个明确具体的答案。因此目标变得更加模糊了。所以你训练模型的方法,以及你思考如何让模型变得更好的方式,从研究的角度来看都会变得更加困难。

但我想说的是,这并非不可能。它需要大量的研究专注度,需要极其优质的数据,需要来自该领域专家的丰富反馈。我们非常希望能获得前 0.1%(P99.9)水平的专业反馈,以使模型达到像人类一样出色。但我认为这并非不可逾越的难题。它需要基础模型的持续扩展,以及专注度——来自认为这是一个重要且值得解决的问题的研究实验室的专注。而我在团队中所做的事情之一,就是让这成为 OpenAI 的重点领域和优先事项。我认为由于这两者的结合,我有信心我们在 2027 年会取得巨大进展。

英文原文 >> Yeah. Um

I would say that like up until date, the

vast majority of applications of AI in

finance have been really focused on I

would say like the junior analyst's

work. Um

and I think that's I think that's for

two reasons. One is

you have to build the product based on

the like capabilities of the model of

today. And so, if you look at the

capabilities of the model today, they're

really quite good at taking pretty

concrete instructions of what to do

and kind of executing, right? So, build

me a slide, I want it to look this way,

you know, make it look good, use our

template, these types of things. The

model's quite capable of doing those

things and so therefore, we've built

product experiences around that. Um and

the other thing I'll call out is um

there is a strong preference to make the

model good at things that humans are not

good at or don't like to do, right? And

so, uh human you know, most humans I

talked to there's obviously exceptions,

but a lot of the humans I talked to like

um

humans I talked to people I talked to.

Um [laughter]

uh you know, they really don't like

building Excel models. It's a tedious

kind of work and it's very detail

oriented, it's easy to get wrong. And

similarly with slides. Um you know,

you're you're copying logos, you're

placing them very precisely on a

specific part of the page. That's very

tedious work that a lot of people don't

like to do. And so, that's been part of

the impetus for us to go and focus on

some of these tasks, right? It's a

combination of two of those things.

There's the like existing model

capability is pretty good at uh certain

types of task and also human preferences

of what they like to do and not like to

do helps drive the direction of the

product as well, right? It's a

combination of those two things. Um

I think that like we've solved a lot of

the low-hanging fruit of those two

things. And so, going into 2027, we're

going to start to move up the stack,

right? We're going to go from the task

that a junior analyst can do to some of

the tasks that an associate can do to

some of the tasks that an MD would do

and move up that chain. And as you move

up the chain, what I would say is the

objectives become much fuzzier. It goes

from this is clearly a good or bad

slide, or something that we'd put in

front of a client or not, to well, I

don't know if this investment idea is

good. And it's And it would take me, you

know, 3 years of waiting to really be

able to give you a a clear concrete

answer of like what the market has done.

And so the objectives start to become

fuzzier. And so the the way you go about

training the model, and the way you

think about how to make the model

better, those things becomes more

difficult. It becomes more difficult

from a research perspective. And so um

but it's not impossible, is what I would

say. And so what it takes is a lot of

research focus. It takes a lot of

wonderful data. It takes a lot of

feedback from experts in the field. We

really want to get the the, you know,

the P99.9 type of feedback uh to make

the model, you know, as good as humans.

But I don't think it's an insurmountable

problem. And I And And what it takes is

continued scaling of the base model, and

focus. Focus from the research labs who

think that this is an important problem

to go solve. And one of the things that

I'm doing at uh on my team is making

this a area of focus and priority for

OpenAI. And And I think because of the

combination of those two things, I feel

confident we'll make a lot of strides in

金融评估基准的痛点与重塑

你对现有的金融评估基准有什么看法吗?我认为我们目前仍处于“数字上是否准确”的阶段。你如何看待构建自己的评测标准并加入品味维度?我认为这也是对从事该领域的人员构建自身评估基准的一个公开倡议。紧接着的一个问题是,你提到为当下的模型构建系统,但你也对未来做出了很多预测。你在今天为人们构建的金融服务中如何设置安全防护栏、限制和校验,以便他们确信系统不会失控?

英文原文 >> Do you have any comments on any of the

current financial benchmarks? So, I

think we're still in the state of, you

know, uh does this check out

numbers-wise? Uh how do you think about

making your own, adding in taste? Um I

think this is also an open call for

people working in this space to work on

their own benchmarks. And a sort of

follow along to that is, you said build

for build systems for models today, but

you also give a lot of predictions for

the future. Um how do you put

guardrails, limitations, um

checks on financial services that you

build for people today, just so they're

confident in, you know, this is not like

going out off the rails?

是的,有道理。我们来谈谈评估(evals)。评估确实是我非常关注的事情,我花了很多时间在评估上。

我想和大家分享的一个先验认知是:构建一个优秀的评估基准极其困难。对于以前没有做过评估的人来说,这一点并不显而易见。要构建一个真正能与你实际想要衡量的技能或能力高度相关的评估基准,是非常困难的。因为你整合出来的任何内容,都只是该能力的某种代理指标(proxy),对吧?而且它往往只是一个维度。这是其一。

其二,想要把标准答案(answer key)或者批改方式弄正确,是非常繁琐的。如果你批改答案的方式不正确,这个评估基准就非常容易被刷榜攻破(hack),也非常容易发生奖励欺骗(reward hack)。因此,你可能在评估基准上获得了非常高的分数,但在你真正想要衡量的底层技能或目标上表现却极其糟糕,对吧?

所以我分享的先验认知是:评估真的很难,不仅在金融领域如此,在所有领域都是如此。我认为目前还没有一个真正适用于金融工作的优秀评估基准。以前存在一系列先前的工作。我提一下我们之前做过的一些工作,比如 GDP 评估(GDP eval),那是在知识工作领域更广泛的评估。如果大家看 Astra 的发布公告,我们其实没有谈及 GDP 评估。我们知道那个评估基准已经完全饱和了,而未饱和的部分基本上已经失效了,对吧?所以我们实际上不再对其进行报告,也不再追踪它。

因此,对于 GPT-6 Astra 来说,棘手的事情之一在于:我们没有过多谈论金融评估。我们内部有一些评估指标,但当时没有谈太多,也没有对外分享;它们很快就会公布。但当时没有一个很好的方式让我们在这些评估基准上展示在金融任务上的进展。

这里面有一些很有意思的现象:我认为在评估中存在一种偏差,即如果数字看起来很好,研究人员就会默认模型变好了,而不会去深究调查;但如果模型能力大幅提升,而评估数据看起来很差,或者没有达到预期的增长幅度,研究人员才会去调查,对吧?所以在这些评估基准的调查中存在着这样一种内置偏差。

类似的事情在 GPT-6 上就发生过:我们在金融评估集上运行了 GPT-6,但数字并没有太大变化。我们心想:“咦,这是怎么回事?让我们来看看这个评估。”我们深入研究了这些不同的评估基准,发现很多地方都是损坏失效的。基本上我们发现我们已经把评估刷饱和了,而做错的题目要么是由于标准答案错误,要么是提示词说明不清,要么就是评估本身的其他缺陷导致的。

说了这么多,我想表达的是:我的团队目前正在做的事情之一,就是尝试构建一个更好的评估基准,它能够真正预测实现该特定职业工作自动化的能力。理念就是,我们将会推出类似于投资银行评估(investment banking eval)的标准,如果在这个评估中表现优异,就意味着你大概率能够自动化投资银行初级分析师的大量工作。

英文原文 >> Yeah, makes sense. Um let's Yeah, let's

talk a little bit about evals. Uh evals

is, yeah, something near and dear to my

heart. I spend a lot of time working on

evals. I would say that um

the like um the prior that I would share

with people is building a good eval is

incredibly hard. Peop- Pe- you know,

that's not obvious to people who haven't

worked on an eval before. Um to build an

eval that actually like correlates with

the thing that you're actually trying to

measure, like the skill that you're

trying to measure, capability you're

trying to measure, very difficult. Um

because whatever you put together is

just a proxy for whatever that thing is,

right? And it's just one dimension. So,

that's one. Two is it's very tedious to

get the answer key or the way that you

grade this correctly. And if you don't

get the way that you get you grade the

answers correctly, it's a eval that's

very easy to hack and very easy to

reward hack. And therefore, you know,

you could score very highly on the eval,

um but actually do really poor on the on

the actual underlying skill or objective

that you're trying to measure, right?

And so, the the the like prior that I

will share is evals are really hard, um

not just in financial work, but just

across the board. And um what I would

say is uh we don't think that there's a

really good eval today, um for financial

um work. Um there's a bunch of existing

prior work. I'll I'll reference some of

the work that we did, which is a GDP

eval, um which is like a little bit more

broadly in knowledge work. Um if you

guys look at the Astra announcement, you

know, we don't talk about GDP eval. Um

we we know that the eval is completely

saturated, uh and that it's uh there's a

and the pieces that are not saturated

are essentially broken, right? And so,

we actually don't report on that, we

don't track it anymore. And so, one of

the tricky things for um uh GPT-6 Astra

was um we didn't talk a whole lot about

financial evals. We have some internally

that we didn't talk too much about and

didn't want to share at the time yet.

They're coming. Um but it was there was

no good way for us to show progress uh

on financial tasks on these evals. Um

there's a funny like funny things like I

think there's this bias in evals where

if the numbers look good, the

researchers assume that the model's

gotten better and they don't investigate

it. If the model if the you made a much

more capable model and the eval numbers

look bad or haven't increased in the the

scale that you want, then you go

investigate, right? So, this is kind of

like bias baked into uh investigation

these evals. Something like this

happened with GPT-6 where we we ran

GPT-6 on a set of on financial evals and

the numbers didn't really change much.

We're like, "Oh, like what's going on

here? Let's take a look at this eval."

We we we did a deep dive into these

different evals and lots of things were

broken. Uh we like the basically we

found that we had saturated the evals

and the questions that we were getting

wrong were driven by incorrect answer

keys, um poorly specified prompts, or

just some other flaw with the eval. Um

and so all that to say like one of the

things that my team is working on

currently is to try to build a much

better eval that actually predicts the

ability to automate the work of that

specific profession. And so yeah, and so

the idea is like we'll have something

like an investment banking eval that

predicts, you know, if you score well on

this eval, you could probably automate a

lot of the work of a junior analyst uh

in investment banking.

团队招聘与结语

我们很快就要结束了。我想问一下,对于金融领域的人士以及 Latent Space 的受众,你们有什么呼吁吗?你们团队可能正在招聘,作为最后的分享,大家可以如何为你提供帮助?

英文原文 >> We got to wrap here soon. I want to ask

uh any callouts for people in the

finance space, the Latent Space

audience, uh your team is probably

hiring, but last thing to put out there,

how how can people be be helpful to you?

太好了。首先,请大家关注 ChatGPT 金融服务版(ChatGPT Financial Services)。这是一款企业级产品,但我们正在非常努力地让 Pro 订阅计划上的更多专业消费者(prosumers)也能使用它,希望很快能在那方面带来一些令人兴奋的发布。

第二,是的,我的团队正在招人。我们的产品获得了极好的客户反馈,因此我们正在迅速招聘并扩张团队。这是一个非常多元化的团队,拥有许多不同的岗位,我想快速指出其中的几个:

显然有标准的前端、后端工程岗位,也就是传统的产品构建开发,这是其一;第二,我们非常欢迎出色的产品经理加入。在某种程度上,我认为优秀的产品管理是赢得这一领域的主要瓶颈,因此我们正努力在投资银行、股票研究、资产管理等各个领域招聘优秀的产品经理;

另外我想特别强调的一个职位是,我们正在招聘所谓的“领域专家”(subject matter expert)。这真的很重要。我们在编程方面做得很好的一点是:训练模型并改进模型的人本身就理解优秀的代码是什么样的,对吧?在我们提升模型能力的阶段,这对我们是一个巨大的助力。但在让模型更懂金融方面,我们并没有这种优势。因此,我们正在组建团队并试图招聘大量能够带来金融专业知识的人才,与工程师、研究人员和产品经理合作,使模型和产品在你的具体专业领域中变得更出色。如果这些岗位中有任何一个与你契合,我非常推荐大家联系我。我在 LinkedIn 上,我们也在招聘页面上发布了这些职位,非常容易找到。

英文原文 >> Yeah, wonderful. Well, I would say like

first and foremost like please check out

Chat GPT Financial Services. Um it is an

enterprise product, but we're trying

very hard to make it available to more

uh prosumers on the pro plan and so

hopefully we'll have some cool

announcements there. Um two, yes, my

team is hiring. Uh we're seeing

incredible uh customer traction with the

product and uh because of that we're

hiring and scaling the team rapidly.

It's a very diverse team with lots of

different roles and so I just want to

call out a few of them very quickly. Um

there's obviously the the standard uh

front end back end uh engineering, so um

kind of traditional product building. So

that was one. Two, we're very much looking

for wonderful product managers. I think

in some ways uh great product management

is the the main bottleneck in trying to

go win in this space and so we're trying

to hire wonderful product managers in

investment banking, equity research,

asset management, uh you know, across

the board we're we're trying to hire

product managers. Uh and then the other

role that I want to give a special shout

out to is we're hiring someone we call a

subject matter expert. Um and you know,

it's really important. Uh one of the

things that we did well in in coding is,

you know, the the people that were

training the models and making them

better understood what good code looks

like, right? And that was a huge

tailwind for us as we're making the

models better at these things. We don't

have that advantage when it comes to

making the models models better at

finance. And so we're we're building out

and trying to hire a lot of folks that

are able to bring that financial

expertise and work with the engineers,

work with the researchers, work with the

product managers to make the model and

the product better in your specific

fields. And so if any of those resonates

with you, like I highly

you know, recommend that you reach out

to me. I'm available on LinkedIn. We

also have these job listings posted on

our careers page. It's pretty easy to

find.

太好了。你回答了我的问题。我本来想问什么时候能玩到这个产品,不过它即将面向 Pro……

英文原文 >> Great.

Well, you answered my question. I was

going to ask when I when can I have a

play with this, but it is coming to Pro

Pro Pro Pro Pro

非常努力地让更多人能够使用它。

英文原文 >> very hard to make it available to more

people.

这是非常典型的 OpenAI 风格,先为企业端开发,然后逐步下沉到常规模型中,来到 Pro 计划。因此我预计对于大众日常使用来说,未来在控制台或日常操作方面都会变得越来越好。

英文原文 >> very common opening eye stuff, you know,

it makes sense you make stuff for

enterprise and then this trickles down

the the regular models. It comes to Pro

plan. So I expect for your general usage

down the line it'll get better at

console stuff.

非常棒。非常高兴你能来。大家可以去看看主题演讲。你分享了很多内容,做出了很好的预测,也谈到了一些干货,比如我们解决了预训练问题。我就留下这些线索供大家前去观看。非常感谢你的参与。

英文原文 >> Awesome ball. Very excited to have you.

Check out the keynote. You gave a lot.

You gave good predictions. You talked a

little bit about some juicy we fixed

pre-training issues. So I 'll leave

breadcrumbs for you guys to go watch,

but thanks for joining.

是的,太棒了。非常感谢。

英文原文 >> Yeah, awesome. Thank you so much.
文中提及的人物和组织

人物: Joseph Kim

公司/组织: OpenAI, Morgan Stanley, Evercore

产品/模型: ChatGPT, Codex, GPT-6 Astra