OpenAI has quietly hired over 100 former bankers and consultants from Morgan Stanley, JPMorgan Chase, and other top firms as part of a new initiative to train its AI for advanced financial modelling and consulting automation, WSJ reported on Tuesday.

The project, codenamed "Mercury," is designed to replicate and ultimately automate much of the grunt work typically done by junior investment banking analysts, including building IPO models, restructuring analyses, and leveraged buyout projections.

According to multiple reports, OpenAI is paying these ex-bankers around $150 an hour to help refine its models. The consultants contribute by writing prompts, testing model accuracy, and providing expert feedback on AI-generated financial outputs, helping the system learn to perform with the pre

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