Bloomberg Tech OpenAI Targets Banking, Warner Bros. Considers Sales Options
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Oct 21, 2025 OpenAI is secretly training AI for financial modeling, aiming to disrupt the banking sector. Meanwhile, a new U.S.-Australia deal on rare earths challenges China's market control. Warner Bros. Discovery is exploring strategic options to boost shareholder value, with potential suitors like Netflix in the mix. There's also buzz about CoreWeave's hefty bid and its implications on data center demand. The conversation touches on the broader tech landscape, including semiconductor supply and the growing importance of AI data security.
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AI Targeting Junior Banker Tasks
- OpenAI's Project Mercury trains models to perform junior bankers' repetitive tasks like Excel modeling and pitch decks.
- This could free associates for higher-level work while requiring new skills and managerial AI tools.
Rare Earths As Geopolitical Leverage
- The U.S.–Australia rare earths move aims to reduce dependence on China for critical minerals.
- Officials hope faster Australian supply and investments will be leverage in upcoming U.S.-China talks.
Invest In AI Infrastructure Now
- Invest in AI enablers like electricity, data centers, and cabling rather than just AI software.
- These infrastructure plays can capture long-term value as AI demand powers power-hungry workloads.