Particle.news
Download on the App Store

OpenAI’s Secret ‘Project Mercury’ Taps Ex‑Bankers to Train AI on Excel Finance Models

Documents describe contractors paid about $150 an hour to produce industry‑standard models.

Overview

  • Leaked materials indicate more than 100 former investment bankers are working on Project Mercury to help teach OpenAI’s systems financial modeling.
  • Participants build Excel models for deals such as restructurings and IPOs and craft prompts while following strict formatting conventions used on Wall Street.
  • Contractors reportedly receive early access to in‑development AI, and their submissions are reviewed and corrected before being integrated into OpenAI’s systems.
  • The application pipeline is largely automated, starting with a roughly 20‑minute AI chatbot interview, then a financial‑statement quiz and a modeling test.
  • OpenAI says it collaborates with outside experts who are recruited, managed and paid by third‑party vendors, as the company pursues industry use cases despite not yet being profitable.