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OpenAI looks to replace the drudgery of junior bankers’ workload

OpenAI Seeks to Transform Junior Bankers’ Workload with Advanced AI

OpenAI project Mercury
Source: The Economic Times

OpenAI is embarking on an ambitious project known as Mercury, which aims to alleviate the repetitive tasks associated with junior bankers’ roles. By recruiting over 100 former investment bankers at a rate of $150 per hour, OpenAI is developing sophisticated financial models to automate entry-level responsibilities. This initiative underscores the potential of AI to enhance productivity in various sectors, despite OpenAI’s current challenges in achieving profitability.

Summary: OpenAI’s Mercury project employs ex-bankers to automate junior banking tasks, showcasing AI’s potential in finance and beyond.

Tags: OpenAI, finance, artificial intelligence, news

Source: The Economic Times

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