Ever since AI came into existence, there is only one fear in the mind of every working person that AI might take away the job. AI is already changing the way we write software, handle customer support, and conduct research. Now OpenAI is focusing on investment banking, one of the world's toughest white-collar professions. According to a Business Insider report, the company is hiring an investment banking expert for its applied AI team in San Francisco.
OpenAI will provide a base salary of $185,000 to $205,000 (approximately Rs 1.6 crore to Rs 1.7 crore) and equity. But this is not a common banking job. Instead, the person AI This will help to train and evaluate a system that can eventually handle many of the daily tasks of investment bankers.
According to the job listing, OpenAI is looking for an individual with at least two years of investment banking experience who has worked in company and industry research, financial analysis, valuation, due diligence, deal execution and preparing client presentations. The company said in the job description, you should have deep knowledge and latest information about how investment banking actually works. This includes company and industry research, financial analysis and modeling, valuation, due diligence, transaction completion, and preparing and reviewing client materials.
Instead of hiring someone to advise clients or close deals, OpenAI wants an expert who can help its AI models understand how investment bankers really work. The company says that this person will help define the quality standards for AI assisted investment banking work.
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