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OpenAI's Project Mercury: 100 Bankers Automate Finance Tasks

10/21/2025

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Summary

Story summary

OpenAI has launched "Project Mercury," enlisting more than 100 former investment bankers to develop AI financial models.
Contractors, many from JPMorgan Chase, Goldman Sachs, and Morgan Stanley, are paid $150 per hour to automate tasks for junior bankers.
The initiative aims to expand AI's practical finance applications, a trend seen as Citigroup and McKinsey integrate AI.
Experts warn automating these tasks could hinder junior bankers' development of essential skills.

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Story summary

OpenAI has launched "Project Mercury," enlisting more than 100 former investment bankers to develop AI financial models.
Contractors, many from JPMorgan Chase, Goldman Sachs, and Morgan Stanley, are paid $150 per hour to automate tasks for junior bankers.
The initiative aims to expand AI's practical finance applications, a trend seen as Citigroup and McKinsey integrate AI.
Experts warn automating these tasks could hinder junior bankers' development of essential skills.