Overview
- The initiative targets routine analyst tasks such as Excel modeling for IPOs, restructurings, mergers and buyouts, plus slide edits in PowerPoint.
- OpenAI acknowledged collaborating with external experts, with management and compensation handled by outside staffing providers.
- Applicants face an automated screening that includes a 20-minute chatbot interview, financial statement testing and a modeling exercise.
- Contractors are expected to submit one model each week, receive feedback and correct issues before their work is integrated into OpenAI’s systems.
- Participants include former staff from major banks and buy-side firms as well as MBA students from top schools, and a person familiar with the program said they receive early access to developing tools.