OpenAI Hires Ex-Goldman Staff to Help Cut Down Junior Bankers’ Grunt Work

OpenAI, the artificial intelligence research company, has hired over 100 former investment bankers to help train its AI systems. The goal is to have the AI assist with the tedious, repetitive tasks often performed by junior bankers, such as building financial models. The company aims to leverage the expertise of these former bankers to enhance its AI's capabilities in the financial domain. This move is part of OpenAI's broader strategy to develop AI solutions that can streamline and automate certain aspects of the investment banking industry. By tapping into the knowledge and experience of ex-Goldman Sachs employees, OpenAI hopes to create AI tools that can take on the time-consuming "grunt work" traditionally assigned to junior bankers, freeing them up to focus on more strategic and analytical tasks. This initiative highlights OpenAI's ambition to apply its AI technology to various industries, including the financial sector, as it continues to push the boundaries of what artificial intelligence can achieve.