Bloomberg has revealed a secret project within OpenAI, the developer of ChatGPT, codenamed Mercury or Mercury, that aims to train its AI models to perform traditional tasks carried out by novice financial analysts in investment banks.

According to the report, the company has hired more than 100 former bankers from major institutions such as JPMorgan, Morgan Stanley and Goldman Sachs to train its models in building financial models, preparing IPOs and restructuring, in accordance with the strictest standards of coordination and audit adopted in the financial sector.Participants in the project are paid $150 per hour for financial models and prompts, which are used to train AI to simulate the exact workings of investment analysts, according to the Bloomberg report, and are required to strictly adhere to banks' coordination rules, including the size of margins and the way percentages are written in italics.