NewsNTech
The analyst layer in investment banking is where a deal's supporting infrastructure gets built: research compiled, financial models constructed, pitchbooks assembled before any client conversation begins.
It is also where junior banker hours concentrate, and where the cost structure of a deal team is most exposed to automation. OpenAI has launched ChatGPT for Financial Services to compete for that workload.
The product targets the research, modeling, and pitchbook tasks that banks have historically staffed with junior analysts.
These deliverables sit toward the lower end of the deal hierarchy in terms of judgment required, but near the top in hours consumed.
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