Bloomberg: OpenAI trains AI to take on junior banking tasks — 2025-10-22
Summary
OpenAI is working on a project called "Mercury" to automate repetitive tasks typically performed by junior investment bankers. The initiative involves over 100 former bankers and MBA students who train AI systems using their expertise in financial modeling, simulating transactions like mergers and IPOs. The recruitment process is largely automated, using AI chatbots for interviews and tests to refine AI capabilities in financial modeling.
Why This Matters
This project highlights the growing trend of automating complex, time-consuming tasks in the financial industry, potentially reshaping how junior banking roles are defined. By training AI to handle these responsibilities, companies could significantly reduce the workload on human analysts, allowing them to focus on more strategic tasks. This development could lead to increased efficiency and cost savings for financial firms.
How You Can Use This Info
Professionals in the finance sector can prepare for AI integration by developing skills that complement automation, such as strategic decision-making and client relations. Businesses should consider exploring similar AI solutions to streamline operational tasks and improve productivity. Staying informed about AI advancements can help professionals adapt to changing job requirements and leverage new tools effectively.