Part 4/9:
At the heart of this initiative lies a desire to displace the "grunt work" associated with entry-level investment banking. This includes labor-intensive activities like model inputting and updating, scenario testing, and repetitive data analysis. For instance, when working on a deal, analysts are often tasked with assembling industry reports, creating valuation models, and updating figures based on new inputs—tasks that involve significant manual effort and repetitive keystrokes.
OpenAI's approach is to use AI models to streamline and even automate these processes. The idea is that AI can perform these functions faster and with greater accuracy, thereby reducing human error and freeing analysts to focus on more nuanced, strategic aspects of dealmaking.