Overview
- Reports based on documents seen by Bloomberg and insider accounts say contractors are paid about $150 per hour and receive early access to the developing system.
- Tasks include writing prompts and building models for IPOs and restructurings, with one Excel model typically submitted each week under strict formatting rules.
- Applicants reportedly face an AI-led intake that includes a roughly 20‑minute chatbot interview, a financial‑statement knowledge test, and a practical modeling exercise.
- Participants include former staff from JPMorgan, Morgan Stanley, Goldman Sachs, Brookfield, Mubadala, Evercore, and KKR, along with some Harvard and MIT MBA students.
- The effort targets repetitive analyst work in Excel, reflecting a broader push to apply OpenAI’s technology to finance, consulting, law, and tech.