OpenAI’s new project threatens to replace junior bankers — here’s what we know

October 22, 2025

Share via:

OpenAI has reportedly hired over 100 former bankers and consultants from top firms such as Morgan Stanley, JPMorgan Chase and Goldman Sachs as part of a new secret initiative, codenamed “Mercury.” The project’s goal is to train AI systems to perform advanced financial modelling and automate consulting tasks that are typically handled by junior investment banking analysts.

These tasks include building IPO models, conducting restructuring analyses, and preparing leveraged buyout projections, according to a WSJ report.

According to multiple reports, class=”backlink” target=”_blank” href=”https://www.livemint.com/technology/tech-news/openai-launches-chatgpt-atlas-ai-browser-5-reasons-why-you-should-try-it-out-right-now-11761070532481.html” data-vars-page-type=”story” data-vars-link-type=”Manual”…

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.

Previous News

Easebuzz reports 2.3X revenue growth in FY25; PAT jumps to Rs 19 Cr

Next News

Review: Anker’s two new Nano chargers for iPhone 17 prove compact and convenient

Popular

More Like this

OpenAI’s new project threatens to replace junior bankers — here’s what we know

October 22, 2025

, Published By Livemint

OpenAI has reportedly hired over 100 former bankers and consultants from top firms such as Morgan Stanley, JPMorgan Chase and Goldman Sachs as part of a new secret initiative, codenamed “Mercury.” The project’s goal is to train AI systems to perform advanced financial modelling and automate consulting tasks that are typically handled by junior investment banking analysts.

These tasks include building IPO models, conducting restructuring analyses, and preparing leveraged buyout projections, according to a WSJ report.

According to multiple reports, class=”backlink” target=”_blank” href=”https://www.livemint.com/technology/tech-news/openai-launches-chatgpt-atlas-ai-browser-5-reasons-why-you-should-try-it-out-right-now-11761070532481.html” data-vars-page-type=”story” data-vars-link-type=”Manual”…

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

Easebuzz reports 2.3X revenue growth in FY25; PAT jumps to Rs 19 Cr

Next News

Review: Anker’s two new Nano chargers for iPhone 17 prove compact and convenient

More like this

Popular

Block title