Artificial intelligence firm OpenAI is recruiting over 100 former investment bankers to train its models in building financial simulations. This effort aims to automate tasks typically performed by junior bankers, reducing their workload and increasing productivity. The project, codenamed Mercury, brings together experts from top firms like JPMorgan Chase, Morgan Stanley, and Goldman Sachs to help develop more accurate AI algorithms for the finance industry.
Source: https://www.bloomberg.com/news/articles/2025-10-21/openai-looks-to-replace-the-drudgery-of-junior-bankers-workload