According to Finextra, the program will see the distribution of 3000 ChatGPT Enterprise licenses to BBVA staff members, signifying a major endeavor to improve efficiency, simplify procedures, and promote innovation inside the company.

As per the arrangement, ChatGPT's core technology—its huge language models—will receive regular upgrades and training from OpenAI.

Presently, BBVA is disbursing licenses for its central services in Spain, with intentions to expand the distribution to additional significant member nations.

Each account setup will be accompanied by mandatory training sessions, guaranteeing that workers from all departments and areas have access to ChatGPT and may collaborate on a range of projects.

Recently, BBVA held an internal generative AI "DataRally" with the goal of finding and developing talent for using the language models that underpin ChatGPT.

"We believe that generative AI, when used safely and responsibly, is a game-changer in how we support our customers in their decisions and offer personalised services," said Ricardo Martín Manjón, global head of data at BBVA. Additionally, it inspires innovation among our staff.

"We're excited to partner with BBVA, one of Europe's top banks, to deliver the capabilities of ChatGPT Enterprise at scale," says Brad Lightcap, COO of OpenAI, regarding the cooperation. AI increases productivity, efficiency, and creativity by streamlining routine activities.

All things considered, the partnership between BBVA and OpenAI emphasizes how AI is becoming more and more significant in the banking industry, as well as how it has the ability to drastically change both consumer experiences and operational procedures.