AIEnergyTechnology

GE Vernova CEO Confirms Ongoing Power Supply Talks with OpenAI as AI Energy Demands Surge

GE Vernova CEO Scott Strazik has confirmed multiple recent meetings with OpenAI’s Sam Altman to address critical power infrastructure requirements for AI expansion. The discussions come as hyperscalers face growing electricity scarcity challenges that could impact artificial intelligence development timelines. Industry analysts remain optimistic about GE Vernova’s positioning despite recent stock performance.

Power Infrastructure Talks Intensify

GE Vernova CEO Scott Strazik has reportedly engaged in multiple conversations with OpenAI CEO Sam Altman in recent weeks, according to sources familiar with the discussions. The talks have focused on addressing the substantial power generation and electrical equipment requirements necessary to support OpenAI’s ambitious growth trajectory in artificial intelligence.

AIAutomationFinance

OpenAI’s Secret Project Mercury Enlists Wall Street Veterans to Automate Banking Tasks

OpenAI is quietly recruiting Wall Street veterans for Project Mercury, a secret initiative to develop AI that automates investment banking tasks. Participants reportedly receive $150 per hour to train models on financial analysis and modeling.

OpenAI’s Covert Banking AI Initiative

OpenAI is reportedly developing artificial intelligence specifically designed to handle the tedious work performed by junior investment bankers, according to documents reviewed by Bloomberg. The secretive project, code-named Mercury, has enlisted former employees from major financial institutions including JPMorgan Chase, Morgan Stanley, and Goldman Sachs to help train its systems.