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OpenAI Just Built a Junior Banker. Goldman's Own AI Lead Says the Grunt Work Was the Training
CNBC reported on September 10 that OpenAI unveiled ChatGPT for Financial Services, a version of its enterprise product built with Morgan Stanley and Evercore that researches companies, builds models and generates pitchbooks, the work Wall Street has assigned to entry-level analysts for decades. Asked whether it cuts the need for junior bankers, OpenAI's Nick Turley compared it to Excel; a Goldman Sachs partner warned weeks earlier that automating those tasks risks 'cognitive atrophy' in the next generation.
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