Goldman Sachs taps new generation to lead key Wall Street units
- Goldman Sachs has launched the GS AI Assistant for about 10,000 employees, aiming to provide it to all knowledge workers this year, according to Chief Information Officer Marco Argenti.
- The AI Assistant will help with tasks like summarizing emails and translating code, marking a significant step for Wall Street's adoption of generative AI tools.
- Experts predict that generative AI could lead to the loss of 200,000 jobs in global investment banks over the next three to five years, as reported by Bloomberg's research arm.
- Argenti emphasizes that the AI will enhance employee capabilities rather than reduce workforce needs, stating, 'The importance of having a phenomenal human workforce is actually going to be amplified.
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