OpenAI’s Mercury Project Aims to Automate Investment Banking Tasks with AI
OpenAI is recruiting former investment bank analysts to train AI models for financial modeling and presentation automation. The Mercury project, paying specialists $150 hourly, targets junior banker tasks like spreadsheet formatting and deal documentation.
JPMorgan, Morgan Stanley, and Goldman Sachs veterans are refining AI outputs to meet Wall Street standards—italicized percentages, precise margins. The initiative could disrupt investment banking's traditional career ladder by reducing entry-level roles.