AGEFI and Dragon LLM have launched the LLM Open Finance Initiative, introducing open-source language models tailored for financial applications. The initial release includes two 8-billion-parameter models, optimized for tasks such as financial reporting analysis, risk assessment, and financial translation, with an emphasis on English and French languages. Developed as part of the France 2030 initiative and supported by Bpifrance, these models demonstrate superior performance on financial tasks compared to base models and other high-performing finance models. They maintain multilingual capabilities and general domain knowledge, making them versatile for various applications. The initiative aims to democratize access to advanced financial AI models, encouraging innovation in financial technology and economic research. For teams requiring more robust capabilities, the LLM Pro Finance Suite offers larger models available through commercial licensing.