AI News Bureau
Marco Argenti, the bank’s Chief Information Officer, stated that the AI program aims to adopt the traits of a Goldman Sachs employee over time.
Written by: CDO Magazine Bureau
Updated 4:49 PM UTC, Fri January 24, 2025
Source: Goldman Sachs
Goldman Sachs has rolled out an AI assistant to support its traders, bankers, and asset managers as part of a broader artificial intelligence initiative. Marco Argenti, the bank’s Chief Information Officer, mentioned the development in an interview with CNBC, stating that the AI program aims to adopt the traits of a Goldman Sachs employee over time.
Currently available to around 10,000 employees, the AI assistant is expected to reach all of the company’s knowledge workers by the end of the year. Initially, the tool will assist with tasks such as summarizing emails, proofreading, and translating code between programming languages.
Argenti explained that the assistant is “a very simple interface that allows you to have access to the latest and greatest models,” adding that the assistant puts a variety of professional tools at users’ fingertips.
The AI assistant, built using data fed into models from OpenAI, Meta, Google, and others, is designed to act like a Goldman Sachs employee. According to Argenti, the system will evolve from providing answers to executing tasks on behalf of employees, mimicking their workflows and decision-making processes.