Goldman Sachs rolls out an AI assistant for its employees as artificial intelligence sweeps Wall Street

Published On Jan 21, 2025, 9:36 AM

Goldman Sachs has launched a generative AI assistant designed to enhance the productivity of its bankers, traders, and asset managers. This rollout aims to allow employees to perform tasks more efficiently, including email summarization and code translation, ultimately mimicking the expertise of a seasoned Goldman Sachs employee. The AI program will expand to all knowledge workers in the company and is seen as a part of a larger trend where major investment banks are rapidly adopting AI tools for their operations. This development represents a shift towards greater automation and efficiency within the financial services sector, although it raises concerns about potential job displacement in the industry due to AI capabilities.