The current goal is to replace interns and junior analysts in the financial market!
More than 100 former bankers from Goldman, JPMorgan, and Morgan Stanley are training Sam Altman's AI to do the repetitive work of newcomers!
The foundation of the system as we know it today is on its last legs.
Today, investment bank analysts face long workdays, often exceeding 80 hours per week.
The market will demand new skills and a new mindset!
OpenAI created "Project Mercury."
The focus is to train AI models to perform basic finance tasks:
• Build valuation models
• Format spreadsheets
• Create M&A presentations
Things that a junior today spends all week doing.
The promise: cutting up to 70% of this work.
This is the first frontier of automation:
structured, repetitive tasks, based on abundant data and ready-made templates.
All of which AI learns quickly.
But that doesn't mean the doors will close completely.
Those who follow this movement closely are betting differently:
Entry-level positions are changing.
The learning curve accelerates.
And the demands are rising.
Those who don't keep up become obsolete.
From operational to strategic
With AI doing the heavy lifting, the analyst begins to act more as a reviewer and customizer.
Instead of building everything from scratch, they'll be dealing with more prepared—and more complex—models.
This changes the volume and type of delivery.
The change is beginning
The World Economic Forum has already warned: 40% of companies expect to reduce staff with automation.
And only 29% of finance companies believe that the use of AI will not impact team size.
The cuts will come. But slowly.