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Bloomberg

SoftBank-Backed OakNorth Partners With OpenAI to Expand AI Uses

By Takeaways NEW OakNorth Bank Plc has agreed to use OpenAI's generative AI technology in everything from drafting loan agreements to internal audit. The London-based business lender said on Tuesday it will collaborate with the tech giant to roll out custom-built GPT tools for its hundreds of staff as it eyes a 'significant increase in firmwide productivity gains.'