Yes and no. Off-the-shelf generative AI solutions like ChatGPT have weaknesses, such as hallucinations (making things up) and inaccuracy that should make firm's wary of general, unregulated use by investment teams.

However, at Verity, we're being very deliberate and cautious to mitigate existing weakness and play to the current strengths of GenAI — as any vended GenAI solution should.

If you are using the public versions of ChatGPT or other solutions, then yes, your information is being used to inform the LLM model and could be available publicly.

If you are using ChatGPT via the OpenAI API, as Verity does, then no. Our operating model is such that each customer can secure and safeguard their firm's intellectual property.

We achieve this by giving each customer their own instance of the RMS which can be connected via OpenAI's API — which gives you control over whether your information is used to inform the model. 

Migrating to an RMS can seem daunting, but it isn't.

At Verity, we partner with your team and execute 100%. You only need to send a single communication requesting your data from your current provider or the appropriate team member (IT, ops, etc.). We do the rest.

This process is coordinated with your internal technology teams while your investment teams keep working uninterrupted.

Learn more [MR add hyperlink to PDF, https://verityplatform.com/wp-content/uploads/2022/01/Migrating_to_Verity.pdf]

Depends. VerityRMS is licensed by the number of users in the platform. If you're interested in more information, please submit a pricing request. [MR add link]