OpenAI is developing an AI initiative, codenamed ‘Project Mercury,’ that seeks to automate entry-level banking tasks by leveraging insights from over 100 former investment bankers from firms like JPMorgan and Goldman Sachs, paid $150 per hour. This project aims to alleviate the burdens of junior bankers, who often endure 80-hour workweeks. Despite OpenAI's impressive $500 billion valuation, the company has yet to report a profit, prompting this move to commercialize its AI solutions effectively.
OpenAI is developing an AI initiative, codenamed ‘Project Mercury,’ that seeks to automate entry-level banking tasks by leveraging insights from over 100 former investment bankers from firms like JPMorgan and Goldman Sachs, paid $150 per hour. This project aims to alleviate the burdens of junior bankers, who often endure 80-hour workweeks. Despite OpenAI's impressive $500 billion valuation, the company has yet to report a profit, prompting this move to commercialize its AI solutions effectively.