We measured the magneto-reflectivity spectra (4-90 meV, 0-16 T) of the triple-point semimetal GdPtBi and found them to demonstrate two unusual broad features emerging in field. The electronic bands of GdPtBi are expected to experience large exchange-mediated shifts, which lends itself to a description via effective Zeeman splittings with a large g factor.
Based on this approach, along with an ab initio band structure analysis, we propose a model Hamiltonian that describes our observations well and allows us to estimate the effective g factor, g* = 95. We conclude that we directly observe the exchange-induced gamma(8) band inversion in GdPtBi by means of infrared spectroscopy.