OpenAI Looks to Replace the Drudgery of Junior Bankers’ Workload

The project underscores the urgency at Sam Altman’s OpenAI to make its technology more useful to businesses.

Photographer: Justin Sullivan/Getty Images

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., is part of a secretive project inside the startup that’s code named Mercury, according to documents seen by Bloomberg.