Matt Levine’s Money Stuff: OpenAI Is Building a Banker

AIbanking

The classic description of a successful investment banking analyst is “detail-oriented.” When you arrive at an investment bank fresh out of college, you will be asked to prepare materials for client meetings and to build financial models in Excel. How can you demonstrate that you are good at the job? You just got there; you are unlikely to have any brilliant insights into the client’s needs. Pretty much you’re going to put together the materials your bosses tell you to, using pages from previous client pitches. You can do this sloppily in a way that embarrasses your bosses: Every ...