# OpenAI automates junior investment banking tasks

An episode of [Elon Musk Podcast](https://invisiblenetwork.ai/podcast/1480583664), 11 Sep 2026, 23 min.

Audio: https://traffic.megaphone.fm/APO8585612771.mp3

OpenAI has introduced ChatGPT for Financial Services, a specialized platform powered by the GPT-6 Astra model and developed alongside major institutions like Morgan Stanley. This new tool integrates high-quality data from sources such as S&P Global and PitchBook to automate complex tasks traditionally performed by junior Wall Street bankers. Users can now generate financial models, research notes, and pitchbooks that automatically format to a firm's specific style within Excel and PowerPoint. While industry experts highlight the significant efficiency gains and the shift toward AI-driven decision infrastructure, others raise concerns regarding the future of the traditional apprenticeship model in banking. Ultimately, the release signals a strategic move by OpenAI to transition from a general-purpose tool to deeply integrated, industry-specific solutions.

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