OpenAI is tapping into the expertise of more than 100 ex - investment banking professionals. Their mission is to train the company's artificial intelligence in the art of constructing financial models, with the ultimate goal of taking over the tedious and time - intensive tasks typically performed by junior bankers. The team is a diverse one, comprising former staff from renowned financial institutions such as JPMorgan Chase, Morgan Stanley, and Goldman Sachs Group. They are all part of a highly confidential project within OpenAI, codenamed "Mercury".

According to sources with inside knowledge of the project, these participants are handsomely compensated at a rate of $150 per hour. Their main responsibilities involve writing prompts and constructing a wide array of financial models for different types of transactions. These transactions span across various areas, including corporate restructuring and initial public offerings (IPOs). In addition to the monetary compensation, OpenAI also grants participants early access to its cutting - edge artificial intelligence systems that are still in the development phase. These AI systems are specifically designed to take on entry - level tasks within the investment banking sector.