Any thoughts on how chatGPT kind of product can help in M&A
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ChatGPT can aid M&A bankers through brainstorming M&A planning, identifying other due diligence areas to identify, aid financial modelling & pitchbook and preparing questions to ask executives.
I agree with the previous comments on this post but would also add that communications materials that could address topics from M&A announcements to internal PMI communications would be a potential use. I do however have a caveat of making sure the data is trustworthy. AI LLM’s haven’t been proven to be completely honest. Leverage but also check the results.
AI Chat bots should be used to supplement existing decision making, it is most successfully in stress testing an hypothesis or validating/finding similar problems or situations that come up in PMI. Using a LLM to synthesize lessons learned would be a great application, but as always, use with caution.
My response may not be entirely suitable for the M&A process. However, I used ChatGPT to familiarize myself with the world of M&A processes as a newcomer. I had many terms and situations explained to me that my supervisor couldn’t fully cover in the given time.
Some of the more advanced AI programs could assist in comparing documents, e.g. former versions with edited versions, different agreements – comparing these also with legal paragraphs; reducing the time spent on being read by a human.
ChatGPT could enhance efficiency by quick processing and analyzing large volumes of data. It may also analyze market trends and identify potential targets which are critical points in M&A process.
Chat GPT is a language model. Language models have a wide variety of applications, but one that I could see used in terms of M&A That I haven’t seen yet is in FAQs. Acquired company employees often have tremendous trepidation about the transition and what it means for their job. A language model could be used to help act as an FAQ for employee concerns and questions in real-time.
ChatGPT can improve efficiency, data analysis, and communication when you do the target identification and dd. Can be a good support also for the Integration process automation.
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