OpenAI has brought together over 100 former investment bankers to help train its AI to take on the routine tasks usually done by junior bankers.

This project, called Project Mercury, aims to automate financial modelling and other entry-level duties that are time-consuming for junior staff. The group includes former employees from major financial firms like JPMorgan Chase, Morgan Stanley, and Goldman Sachs.

These experts are paid $150 per hour to build financial models for transactions like IPOs and restructurings while also helping create prompts for the AI.

In return, they get early access to OpenAI’s tools, which aim to replace much of the grunt work done by junior bankers

What is Project Mercury?

The project shows OpenAI’s drive to make its AI models useful across many indust

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