Goldman Sachs Employees Share How AI is Changing Their Jobs

Goldman Sachs Employees Share How AI is Changing Their Jobs

Goldman Sachs has been deepening its investments in generative artificial intelligence. The bank’s CEO, David Solomon, believes AI tools will “scale and transform our engineering abilities.” Seven Goldman employees, ranging from analyst to partner, shared with Business Insider how AI is changing their jobs.

Marco Argenti, the chief information officer at Goldman Sachs, is bullish about AI’s growing analytical and reasoning powers. “It is like the ultimate librarian that knows how to find the information,” he said. AI’s reasoning capabilities have reached the point where they can help users analyze and synthesize conclusions.

Goldman has introduced generative AI-powered resources built using the AI platform launched in mid-2024. The platform includes access to popular large language models like Google’s Gemini or OpenAI’s ChatGPT, with a protective layer to insulate the firm’s confidential data.

The bank has produced various tools, including a developer copilot for writing code, a language translator, and the interactive “GS AI Assistant.” The GS AI Assistant is available to roughly 10,000 employees, with plans to expand it to most others by the end of the year.

How Goldman Employees Are Using AI

• Ashish Shah, partner and chief investment officer of public investing, uses the GS AI Assistant to draft documents and structure concepts. “It helps get me to a first draft quickly,” he said.
• Kerry Blum, partner and global head of the equity structuring group, uses the Translate AI tool to communicate with clients in their preferred language. The tool has reduced translation turnaround times from days to seconds or minutes.
• Raphaelle Jacquemin, managing director in equity derivatives structuring, uses AI to help with software tasks, such as creating search folders in Outlook and understanding coding languages like Python.
• Christopher Dixon, vice president in global investment research, reported a “high double-digit improvement” in productivity around translations using the Translate AI tool.
• Samantha Boden, vice president in global banking and markets, uses the GS AI Assistant as a “personal tutor” to learn new technical topics. “The power lies not only in the AI’s vast knowledge base but also in the speed of iteration,” she said.
• Konstantin Kuchenmeister, associate in engineering, uses the AI assistant to review code changes, analyze potential vulnerabilities, and prepare weekly updates and presentation decks.
• Samruddhi Somwanshi, analyst in engineering, uses AI to navigate the bank’s codebase, write test cases, and document code changes.

These employees’ experiences demonstrate how AI is changing life in finance at Goldman Sachs. While some in the industry have worried about job redundancies, these employees have found AI to be a valuable tool in their daily work.