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OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the industry. Participants are paid $150 per hour to write prompts and build financial models for a range of transaction types, including restructurings and initial public offerings, and have been granted early access to the AI being created.
Participants are asked to create their models in Excel and they’re also expected to follow industry norms for formatting the models, including for areas like margin sizes and italicizing percentages.
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