Goldman Sachs Introduces AI Assistant for Employees
Goldman Sachs is launching an AI assistant for its bankers, traders, and asset managers, with plans to eventually make it as knowledgeable as a seasoned Goldman employee. Chief Information Officer Marco Argenti shared in an interview that the program, called GS AI assistant, is already being used by 10,000 employees, with a goal of reaching all knowledge workers within the year.
The AI assistant will initially assist with tasks like summarizing emails, proofreading, and translating code, providing quick access to various tools and information. The technology is powered by advanced AI models from companies like OpenAI, Google, and Meta, enabling it to mimic human-like cognition and complete complex tasks with minimal human intervention.
Argenti envisions the AI assistant evolving over time to think and act more like a Goldman employee, absorbing the company’s culture and working methods. While the use of generative AI tools is rapidly expanding in the finance industry, some employees may fear job displacement. However, Argenti believes that AI will enhance employees’ capabilities rather than replacing them, emphasizing the importance of human input in guiding and developing the technology.
As AI continues to advance, industries like finance are preparing for significant changes in the workforce. While concerns about job displacement exist, companies like Goldman Sachs are focused on leveraging AI to empower employees and drive innovation. The future of AI at Goldman Sachs holds the promise of creating a more efficient and effective workforce, blending human expertise with cutting-edge technology to achieve success.