AI investment bankers show the threat to your business model – AFR

Welcome to the forefront of conversational AI as we explore the fascinating world of AI chatbots in our dedicated blog series. Discover the latest advancements, applications, and strategies that propel the evolution of chatbot technology. From enhancing customer interactions to streamlining business processes, these articles delve into the innovative ways artificial intelligence is shaping the landscape of automated conversational agents. Whether you’re a business owner, developer, or simply intrigued by the future of interactive technology, join us on this journey to unravel the transformative power and endless possibilities of AI chatbots.
Having trained a chatbot to do the work of junior bankers, could OpenAI, with some help and deep pockets, potentially start its own investment bank?
Just how far could OpenAI take its investment banking push? The question is starting to be kicked around in some of Australia’s top boardrooms, who are trying to peer decades into the future. Bethany Rae
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A few weeks ago, amid the blizzard of news about deals in the artificial intelligence sector, Bloomberg revealed the existence of a unique initiative underway inside OpenAI.
Code-named Mercury, the secretive project involved the hiring of about 100 former investment bankers from JPMorgan, Goldman Sachs and Morgan Stanley.
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