{"id":251890,"date":"2025-10-30T22:55:08","date_gmt":"2025-10-30T22:55:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/251890\/"},"modified":"2025-10-30T22:55:08","modified_gmt":"2025-10-30T22:55:08","slug":"openais-latest-venture-shows-big-tech-could-threaten-investment-banks-heres-why","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/251890\/","title":{"rendered":"OpenAI\u2019s latest venture shows big tech could threaten investment banks. Here\u2019s why"},"content":{"rendered":"<p>Oct 31, 2025 \u2013 9.00am<\/p>\n<p>Gift this article<\/p>\n<p class=\"d6475070fa5e1d14-title\" data-testid=\"Modal-title\">Subscribe to gift this article<\/p>\n<p class=\"d6475070fa5e1d14-giftDescription d6475070fa5e1d14-noMaxWidth\" data-testid=\"Modal-description\">Gift 5 articles to anyone you choose each month when you subscribe.<\/p>\n<p><a data-testid=\"Modal-subscribe-button\" href=\"https:\/\/subscribe.afr.com\/?promote_channel=HI_AGFT_GNL_GIFTCTA&amp;utm_source=ArticleGifting&amp;utm_medium=HouseInventory&amp;utm_campaign=General&amp;utm_content=GiftCTA\" class=\"d6475070fa5e1d14-subscribeButton\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe now<\/a><\/p>\n<p class=\"d6475070fa5e1d14-subscribeSubtext\">Already a subscriber? Login<\/p>\n<p>A few weeks ago, amid the blizzard of news about deals in the artificial intelligence sector, Bloomberg revealed the existence of a unique initiative underway inside OpenAI.<\/p>\n<p>Code-named Mercury, the secretive project <a href=\"https:\/\/www.afr.com\/link\/follow-20180101-p5n4er\" rel=\"nofollow noopener\" target=\"_blank\">involved the hiring<\/a> of about 100 former investment bankers from JPMorgan, Goldman Sachs and Morgan Stanley.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Oct 31, 2025 \u2013 9.00am Gift this article Subscribe to gift this article Gift 5 articles to anyone&hellip;\n","protected":false},"author":2,"featured_media":251891,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":{"0":"post-251890","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/251890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=251890"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/251890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/251891"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=251890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=251890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=251890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}