Tag: OpenAI

AI, banking, Business Models, productivity

OpenAI Hires Ex-Goldman Staff to Help Cut Down Junior Bankers’ Grunt Work

Colin Henderson

In this Article By Omar El Chmouri October 21, 2025 at 6:06 AM EDT Takeaways by Bloomberg AI OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the industry. The group, which includes former employees of JPMorgan Chase & Co., Morgan Stanley, and Goldman Sachs Group Inc., is part of a secretive project inside the startup that’s code named Mercury, according to documents seen by Bloomberg. Participants are paid $150 per hour to write prompts and build financial models for a range … Continue reading OpenAI Hires Ex-Goldman Staff to Help Cut Down Junior Bankers’ Grunt Work

AI, Business Models

Jony Ive details OpenAI’s hardware vision

Colin Henderson

Courtesy of The Rundown AI The Rundown: Ex-Apple design chief Jony Ive provided a broader glimpse into his hardware partnership with OpenAI during an exclusive session with Sam Altman at Dev Day, outlining plans for AI devices that heal humans’ fractured relationship with tech. The details: Why it matters: While Ive and Altman are staying tight-lipped for now, the callout of current tech’s psychological impact and a focus on emotional well-being could mark a major shift from the addictive patterns of current devices. However, with Altman’s reiterated need for patience, it doesn’t sound like the launch is around the corner. Continue reading Jony Ive details OpenAI’s hardware vision

AI

Bloomberg reports more on OpenAI and Jony Ive

Colin Henderson

Shirin GhaffrayA super assistant For several years, top AI developers have been working inside research labs to build more powerful artificial intelligence systems that might one day rival humans at many tasks. But as AI has rapidly improved in recent months, leading model makers have moved aggressively to try to translate those advances into apps and devices that people could use in the real world.That shift was on full display last week when I visited Jony Ive’s minimalist studio in San Francisco’s trendy Jackson Square neighborhood. Ive, the legendary former Apple designer who has done more than almost anyone to … Continue reading Bloomberg reports more on OpenAI and Jony Ive

AI

The Intelligence Age – Sam Altman

Colin Henderson

Sam Altman is solidifying his position as a leader in AI and the shift towards to AGI, and ASI (Superintelligence). I must admit I have not seen tangible staps towards AGI indicated from Altman (more on that here coming at Bankwatch) but he is setting the tone and exemplifying the power in that belief which I share and appreciate, given the mantra of this blog. My belief is that AI is stuck in single use siloed basic automation of current processes. The missing and next level will see collaboration between domains of digitisation, physcology, science, expontelly larger language models, and … Continue reading The Intelligence Age – Sam Altman

AI

Discover the rise of efficient AI with smaller language models..

Colin Henderson

The advent of small mobile ready AI applications marks the next step in applied AI and broad usage with new revenue models. Jennifer Wales 4 min read View on Medium OpenAI’s Releases GPT-4o mini LLM Small but mighty! ChatGPT-4o mini defies outperforming larger LLMs in key benchmarks. Discover the rise of efficient AI with smaller language models.. But with the launch of ChatGPT-4o mini, the scenario is changing quite a bit. This smaller sibling of the renowned ChatGPT-4 is leading the revolution for smaller language models. Even though it is compact, it is highly powerful and has greater abilities to … Continue reading Discover the rise of efficient AI with smaller language models..

AI

Where have OpenAI’s founders gone?

Colin Henderson

By George Hammond in San Francisco Just two of OpenAI’s 11-strong founding team are still active at the ChatGPT maker, after an exodus following November’s attempted boardroom coup against chief executive Sam Altman.  Three co-founders have departed so far this year, including John Schulman, who defected to its artificial intelligence rival Anthropic this week. Greg Brockman, OpenAI’s president, also said on Monday he would be taking extended leave from the company.  A high rate of turnover is not unusual at a start-up. However, attrition of senior figures at OpenAI has stepped up in recent months following November’s leadership crisis, when Altman was fired … Continue reading Where have OpenAI’s founders gone?

AGI

OpenAI’s Q* gets a ‘Strawberry’ evolution

Colin Henderson

The Rundown: OpenAI is reportedly developing a secretive new AI model codenamed ‘Strawberry’ (formerly Q*), designed to dramatically improve AI reasoning capabilities and enable autonomous internet research. The details: Strawberry is an evolution of OpenAI’s previously rumored Q* project, which was touted as a significant breakthrough in AI capabilities. Q* had reportedly sparked internal concerns and was rumored to have contributed to Sam Altman’s brief firing in November 2023 (what Ilya saw). The new model aims to navigate the internet autonomously to conduct what OpenAI calls “deep research.” The exact workings of Strawberry remain a closely guarded secret, even within … Continue reading OpenAI’s Q* gets a ‘Strawberry’ evolution