Overview
- Bloomberg reported that more than 100 former investment bankers are being paid about $150 an hour to help teach OpenAI’s models routine analyst duties such as Excel financial modeling and PowerPoint edits.
- Applicants reportedly pass a largely automated screening that includes a 20-minute chatbot interview, a financial statements test, and a modeling exercise.
- Contractors are expected to deliver one financial model per week, receive feedback, and make fixes before the work is integrated into OpenAI’s systems.
- Participants include alumni of JPMorgan, Morgan Stanley, Goldman Sachs, Brookfield, Mubadala, Evercore, and KKR, as well as MBA students from Harvard and MIT.
- OpenAI confirmed it works with domain experts recruited and paid by third-party suppliers but did not verify all reported details, as concerns grow about how automation could change entry-level finance roles.