Wednesday, 22 October, 2025
OpenAI's Project Mercury Automates Junior Banker Tasks
OpenAI has launched a secret initiative, Project Mercury, hiring over 100 ex-investment bankers from firms like JPMorgan and Goldman Sachs. These experts are training AI systems to automate complex financial modeling, including IPO projections and restructuring analyses, which are typically performed by junior analysts. The project aims to reduce the long hours of "grunt work" on Wall Street, potentially disrupting entry-level banking roles.