AI Targets Junior‑Banker Workflows

OpenAI launched a Wall Street‑specific ChatGPT (GPT‑6 Astra) with partners Morgan Stanley and Evercore that automates analyst tasks: company research, pulling and checking financial data, and generating formatted pitchbooks and M&A decks. The demo shows the model choosing relevant peers, populating spreadsheets from industry data, and explaining market moves — functions formerly assigned to recent grads in investment banks. — If widely adopted, this shift could shrink entry‑level hiring pipelines in investment banking, change training and credentialing, and concentrate analytical power in firms that control models and data.