OpenAI looks to replace the drudgery of junior bankers’ workload

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OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the industry.

The group, which includes former employees of JPMorgan Chase & Co., Morgan Stanley, and Goldman Sachs Group Inc., are part of a secretive project inside the startup that’s codenamed Mercury, according to documents seen by Bloomberg.

Participants are paid $150 per hour to write prompts and build financial models for a range of…



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OpenAI looks to replace the drudgery of junior bankers’ workload



OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the industry.

The group, which includes former employees of JPMorgan Chase & Co., Morgan Stanley, and Goldman Sachs Group Inc., are part of a secretive project inside the startup that’s codenamed Mercury, according to documents seen by Bloomberg.

Participants are paid $150 per hour to write prompts and build financial models for a range of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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