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Bank of New York Mellon

85.50

+1.551.85%

Post-market: 85.41-0.0900-0.11%19:49 EDT

Volume:4.47M

Turnover:382.55M

Market Cap:61.17B

PE:13.94

High:86.19

Open:84.54

Low:84.54

Close:83.95

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Overview Company News Filings

Bank of New York Mellon Is Maintained at Equal-Weight by Wells Fargo

BRIEF-Bank Of New York Mellon Launches Public Offering Of Depositary Shares

Bank of New York Mellon Corp - Launches Public Offering of Depositary Shares

THOMSON REUTERS

Bank of New York Mellon Corp - Proceeds May Be Used for Redemption of Series G Preferred Stock

THOMSON REUTERS

Wells Fargo Adjusts Price Target on Bank of New York Mellon to $96 From $86, Keeps Equalweight Rating

MT Newswires Live

Bank of New York Mellon Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

Simply Wall St.

Analysts Offer Insights on Financial Companies: Bank of New York Mellon Corporation (BK), UWM Holding (UWMC) and Blue Owl Capital (OWL)

Bank Of New York Mellon Corp. Stock Outperforms Competitors On Strong Trading Day

As Financial Stocks Hold Up, This Bank Forms Add-On Buy Point

Bank of New York Mellon Corporation (BK) Gets a Buy from Barclays

BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution

THOMSON REUTERS

Press Release: BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Declares Distribution

Press Release: BNY Mellon Municipal Bond Closed-End Funds Declare Distributions

BK Technologies gets purchase order from state forestry agency for InteropONE

BK Technologies Receives InteropONE Purchase Order From State Forestry Agency

ACCESS Newswire

PRESS DIGEST - Wall Street Journal - February 27

Bank of New York Mellon Has Multiyear Deal With OpenAI

MT Newswires Live

BRIEF-BNY Signs Multiyear Deal With Openai - WSJ

Bny, America’s Oldest Bank, Signs Multiyear Deal With OpenAI - WSJ

THOMSON REUTERS

BNY, America's Oldest Bank, Signs Multiyear Deal With OpenAI -- WSJ

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Profit margin: 23% . The increase in margin was primarily driven by higher revenue.All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 1.1%. Earnings per share  was mostly in line with analyst estimates.The primary driver behind last 12 months revenue was the Securities Services segment contributing a total revenue of US$8.88b . The largest operating expense was General & Administrative costs, amounting to US$10.9b . Explore how BK's revenue and expenses shape its earnings.Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in the US.The company's shares are up 1.1% from a week ago.While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Bank of New York","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bank-york-mellon-full-2024-102342474.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK"],"gpt_icon":0},{"id":"2516689309","title":"Analysts Offer Insights on Financial Companies: Bank of New York Mellon Corporation (BK), UWM Holding (UWMC) and Blue Owl Capital (OWL)","url":"https://stock-news.laohu8.com/highlight/detail?id=2516689309","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516689309?lang=en_us&edition=fundamental","pubTime":"2025-03-03 18:12","pubTimestamp":1740996722,"startTime":"0","endTime":"0","summary":"Analysts have been eager to weigh in on the Financial sector with new ratings on Bank of New York Mellon Corporation (BK – Research Report), UWM Ho...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/analysts-offer-insights-on-financial-companies-bank-of-new-york-mellon-corporation-bk-uwm-holding-uwmc-and-blue-owl-capital-owl?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/analysts-offer-insights-on-financial-companies-bank-of-new-york-mellon-corporation-bk-uwm-holding-uwmc-and-blue-owl-capital-owl?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["OWL","LU0980610538.SGD","LU1201861249.SGD","BK4229","LU0648001328.SGD","BK","IE00BBT3K403.USD","LU1699723380.USD","IE00BLSP4452.SGD","IE00BLSP4239.USD","BK4588","BK4135","UWMC","LU0130102774.USD","BK4585","BK4195","BK4559","LU0130517989.USD","IE00BN8TJ469.HKD","LU1571399168.USD","LU0477156953.USD"],"gpt_icon":0},{"id":"2516351302","title":"Bank Of New York Mellon Corp. Stock Outperforms Competitors On Strong Trading Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2516351302","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516351302?lang=en_us&edition=fundamental","pubTime":"2025-03-01 05:45","pubTimestamp":1740779100,"startTime":"0","endTime":"0","summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Bank of New York Mellon Corp.  rose 2.37% to $88.95 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index  rising 1.59% to 5,954.50 and the Dow Jones Industrial Average  rising 1.39% to 43,840.91.This was the stock's second consecutive day of gains.Bank of New York Mellon Corp. closed 0.55% below its 52-week high of $89.44, which the company reached on February 18th.The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co.  rose 2.16% to $264.65, Wells Fargo & Co.  rose 2.22% to $78.32, and Morgan Stanley  rose 2.99% to $133.11.Trading volume  eclipsed its 50-day average volume of 4.1 M.Data source: Dow Jones Market Data, FactSet. Data compiled February 28, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published in","market":"sg","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["rate"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK"],"gpt_icon":0},{"id":"2516308667","title":"As Financial Stocks Hold Up, This Bank Forms Add-On Buy Point","url":"https://stock-news.laohu8.com/highlight/detail?id=2516308667","media":"Blockhead","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2516308667?lang=en_us&edition=fundamental","pubTime":"2025-03-01 02:10","pubTimestamp":1740766221,"startTime":"0","endTime":"0","summary":"Financial stocks are showing relative strength. 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Declares Distribution","url":"https://stock-news.laohu8.com/highlight/detail?id=2514353311","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514353311?lang=en_us&edition=fundamental","pubTime":"2025-02-28 05:21","pubTimestamp":1740691260,"startTime":"0","endTime":"0","summary":"On February 27, 2025, BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc.  declared a distribution of $2.00 per share of common stock, payable on April 1, 2025, to shareholders of record at the close of business on March 13, 2025. The ex-dividend date is March 13, 2025. The previous distributions declared in December were a quarterly distribution of $2.00 per share of common stock and a special year-end distribution of $5.85 per share of common stock.BNY Investments is a division of BNY, which has $52 trillion in assets under custody and/or administration as of December 31, 2024. Established in 1784, BNY is America's oldest bank. Today, BNY powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY is the corporate brand of The Bank of New York Mellon Corporation . Additional information is available on www.bnymellon.com. Follow us on LinkedIn or visit our newsroom","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU1201861249.SGD","BNY","LU0130102774.USD","BK","BK4559","LU1699723380.USD","BK4023","LU0477156953.USD","BK4595","LU0130517989.USD","BK4588","LU0980610538.SGD","BK4516","BK4135","LU1571399168.USD","BK4596","BK4600","LU0648001328.SGD","STRK","BK4585"],"gpt_icon":1},{"id":"2514330244","title":"Press Release: BNY Mellon Municipal Bond Closed-End Funds Declare Distributions","url":"https://stock-news.laohu8.com/highlight/detail?id=2514330244","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514330244?lang=en_us&edition=fundamental","pubTime":"2025-02-28 05:10","pubTimestamp":1740690600,"startTime":"0","endTime":"0","summary":"BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. and BNY Mellon Strategic Municipals, Inc.  have declared a monthly distribution for each Fund's common shares as summarized below. The distributions are payable March 31, 2025 to shareholders of record on March 14, 2025, with an ex-dividend date of March 14, 2025.BNY Mellon Strategic Municipal Bond      DSM       $0.018            --. BNY Mellon Strategic Municipals, Inc.    LEO       $0.019            --. Closed-end funds are traded on the secondary market through one of the stock exchanges. Each Fund's investment returns and principal values will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above  or below  the n","market":"other","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["US2Y.BOND","US7Y.BOND","US10Y.BOND","US3Y.BOND","LU1571399168.USD","LU0980610538.SGD","BK4135","US12M.BOND","LU1201861249.SGD","DMF","BK4585","BK4588","LU1699723380.USD","LU0130102774.USD","BNY","LU0477156953.USD","US5Y.BOND","LEO","US30Y.BOND","BK4559","US6M.BOND","LU0648001328.SGD","DSM","BK","LU0130517989.USD"],"gpt_icon":0},{"id":"2514807206","title":"BK Technologies gets purchase order from state forestry agency for InteropONE","url":"https://stock-news.laohu8.com/highlight/detail?id=2514807206","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514807206?lang=en_us&edition=fundamental","pubTime":"2025-02-27 21:45","pubTimestamp":1740663944,"startTime":"0","endTime":"0","summary":"BK Technologies (BKTI) announced that it has received a purchase order from a state forestry agency for InteropONE, the company’s Push To Talk over...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/bk-technologies-gets-purchase-order-from-state-forestry-agency-for-interopone?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/bk-technologies-gets-purchase-order-from-state-forestry-agency-for-interopone?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["LU1571399168.USD","BK4135","LU1699723380.USD","LU0130517989.USD","BK","BKTI","LU0130102774.USD","LU0980610538.SGD","LU1201861249.SGD","BK4559","BK4020","BK4585","BK4588","LU0648001328.SGD","LU0477156953.USD"],"gpt_icon":0},{"id":"2514076738","title":"BK Technologies Receives InteropONE Purchase Order From State Forestry Agency","url":"https://stock-news.laohu8.com/highlight/detail?id=2514076738","media":"ACCESS Newswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514076738?lang=en_us&edition=fundamental","pubTime":"2025-02-27 21:30","pubTimestamp":1740663000,"startTime":"0","endTime":"0","summary":"WEST MELBOURNE, FL / ACCESS Newswire / February 27, 2025 / BK Technologies Corporation   today announced that it has received a purchase order from a state forestry agency for InteropONE, the Company's Push To Talk over Broadband solution that enables operational interoperability to public safety personnel through on demand creation of user groups.The customer trialed InteropONE during Hurricane Helene relief efforts, where they used Radio over IP  gateways to interconnect InteropONE users with their statewide Land Mobile Radio  system. This enabled administrators throughout the state to establish communications via their smartphones, with first responders using LMR radios in the hurricane-impacted areas. Following this successful trial, the customer has purchased InteropONE for use in their operations and expects to bring the solution online soon.James Teel, General Manager of Solutions, stated, \"Hurricane Helene underscored the need for fast and reliable communication in emergency si","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/bk-technologies-receives-interopone-purchase-133000393.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["LU1883839398.USD","LU0477156953.USD","LU0130102774.USD","IE00BGHQF748.EUR","BK4585","LU1571399168.USD","BK4135","LU0648001328.SGD","BK4559","LU0061475181.USD","BK4588","LU1894683348.USD","BKTI","LU1699723380.USD","IE0034235188.USD","LU0980610538.SGD","LU1201861249.SGD","IE00B64PRP62.GBP","STT","BK","BK4020","LU1894683264.USD","LU0130517989.USD","IE00B3QW5Z07.USD"],"gpt_icon":0},{"id":"2514849676","title":"PRESS DIGEST - Wall Street Journal - February 27","url":"https://stock-news.laohu8.com/highlight/detail?id=2514849676","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514849676?lang=en_us&edition=fundamental","pubTime":"2025-02-27 13:27","pubTimestamp":1740634054,"startTime":"0","endTime":"0","summary":"PRESS DIGEST - Wall Street Journal - February 27 Feb 27 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their ac","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250227:nL3N3PI0DQ:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0342679015.USD","LU1059921491.USD","BK4581","LU1303367103.USD","IE00BHPRN162.USD","SGXZ51526630.SGD","GOOGL","BK","BK4559","LU1116320737.USD","LU2065169927.USD","LU2023250504.SGD","LU1815336760.USD","BK4534","SOLV","LU1145028129.USD","LU2087625088.SGD","LU0157215616.USD","LU1066051498.USD","LU0256863811.USD","LU0820561909.HKD","LU1720051017.SGD","LU1201861165.SGD","LU1989764664.SGD","LU2505996681.GBP","LU2098885051.SGD","LU0211327993.USD","LU0158827948.USD","LU1852331112.SGD","IE00BWXC8680.SGD","LU2242649171.HKD","LU0109391861.USD","BK4588","LU0557290698.USD","LU1551013342.USD","LU0354030511.USD","LU0742534661.SGD","LU1642822529.SGD","SGXZ31699556.SGD","LU0943347566.SGD","IE0034235303.USD","LU0640476718.USD","LU2023250330.USD","LU0029864427.USD","LU0994945656.USD","IE00BJTD4N35.SGD","LU1571399168.USD","LU0215105999.USD","LU1935042215.USD","LU1629891620.HKD"],"gpt_icon":1},{"id":"2514866669","title":"Bank of New York Mellon Has Multiyear Deal With OpenAI","url":"https://stock-news.laohu8.com/highlight/detail?id=2514866669","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514866669?lang=en_us&edition=fundamental","pubTime":"2025-02-27 02:19","pubTimestamp":1740593969,"startTime":"0","endTime":"0","summary":"Bank of New York Mellon  has a multiyear agreement with Microsoft-backed  OpenAI to bolster the bank's proprietary enterprise artificial-intelligence platform, Eliza, and scale AI-powered solutions across global operations.Terms of the accord weren't disclosed.The deal provides the bank with access to OpenAI's application programming interface and ChatGPT Enterprise platforms, as well as expert insights, the companies said Wednesday in an emailed statement to MT Newswires.Bank of New York Mellon shares eased 0.1% in recent Wednesday trading.Price: 86.69, Change: -0.06, Percent Change: -0.07","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["IE00BMPRXN33.USD","LU1868837300.USD","IE00BLSP4239.USD","BK4538","LU0256863902.USD","LU0957808578.USD","LU1983260115.SGD","LU2087625088.SGD","LU1989772840.SGD","LU2326559502.SGD","LU0053666078.USD","IE00BFSS8Q28.SGD","LU1201861249.SGD","LU2089284900.SGD","LU1435385759.SGD","LU0072462426.USD","LU2237443549.SGD","BK4097","BK4516","LU0964807845.USD","LU2250418816.HKD","LU0109391861.USD","IE00B7KXQ091.USD","LU0061475181.USD","LU1066051811.HKD","LU0289941410.SGD","LU1551013425.SGD","LU0128525929.USD","LU0642271901.SGD","SGXZ23171101.USD","BK","LU0444971666.USD","LU0787776722.HKD","LU1721428933.USD","LU2452424414.USD","LU0082616367.USD","LU1236620834.HKD","LU0477156953.USD","LU1815333072.USD","LU0162691827.USD","LU0965509283.SGD","LU2054465674.USD","IE0009G5SDU7.USD","SG9999018865.SGD","IE00B19Z8W00.USD","LU0158827948.USD","SG9999014559.SGD","IE000ITXATA3.USD","LU2028103732.USD"],"gpt_icon":1},{"id":"2514592038","title":"BRIEF-BNY Signs Multiyear Deal With Openai - WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2514592038","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514592038?lang=en_us&edition=fundamental","pubTime":"2025-02-26 23:03","pubTimestamp":1740582235,"startTime":"0","endTime":"0","summary":"BRIEF-BNY Signs Multiyear Deal With Openai - WSJFeb 26 (Reuters) - Bank of New York Mellon Corp BK.N:BNY, AMERICA’S OLDEST BANK, SIGNS MULTIYEAR DEAL WITH OPENAI - WSJSource text: https://tinyurl.com/ku6dc3rsFurther company coverage: BK.N ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250226:nFWN3PH0WD:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0788109477.HKD","LU2362540622.SGD","LU0426412945.USD","IE00BFSS8Q28.SGD","IE00B19Z9505.USD","BK4548","IE00BQXX3C00.GBP","LU0690374615.EUR","BK4559","LU0175139822.USD","SG9999014906.USD","LU0011850046.USD","LU2023251221.USD","LU2125154778.USD","LU1435385759.SGD","LU2506951875.HKD","LU1582986359.USD","LU0719512351.SGD","LU2720916845.USD","IE00BFXG0V08.USD","IE0034235188.USD","BK","LU1496350171.SGD","LU0879622024.SGD","LU1043141123.HKD","LU0289961442.SGD","LU2097344431.USD","IE00B19Z8W00.USD","IE000ITXATA3.USD","IE00BN29S564.USD","LU1868837300.USD","LU0149725797.USD","BK4550","BK4567","LU0820561909.HKD","LU0980610538.SGD","LU2413666699.HKD","LU2491050154.USD","LU1791710400.SGD","LU1712237335.SGD","LU0347712357.USD","LU2361044865.SGD","IE00BK4W5L77.USD","IE00B775H168.HKD","LU0289960550.SGD","LU0494093205.USD","LU1043141396.HKD","BK4503","LU0234570918.USD"],"gpt_icon":0},{"id":"2514594058","title":"Bny, America’s Oldest Bank, Signs Multiyear Deal With OpenAI - 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In return, OpenAI said it hopes to gain insight into how well its models work for complex tasks in the real world.\"We feel AI has transformational power and will be part of every product and service,\" said Sarthak Pattanaik, head of BNY's AI hub.Banks are emerging as early leaders in AI adoption and as top-filers in AI patents, as well as top tech-talent recruiters plucking researchers from academic institutions.OpenAI Chief Operating Officer Brad Lightcap attributes that to the industry taking advantage of stark opportunities to simplify complex workflows. 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