ChatGPT maker OpenAI hired 100 ex bankers from JPMorgan, Goldman Sachs and Morgan Stanley to train these new models

OpenAI is reportedly developing an AI project named Mercury. This initiative aims to train artificial intelligence to create complex financial models. The goal is to automate tasks currently handled by junior bankers in the finance industry. The project involves former employees from major financial institutions. This move could significantly change entry-level roles on Wall Street.