Goldman Sachs has officially announced the wide-scale launch of its generative AI assistant, named the GS AI Assistant. This innovative tool is designed to enhance employee workflows across various departments, including investment banking and wealth management. The rollout aims to leverage artificial intelligence to streamline tasks and improve overall productivity within the firm.
The GS AI Assistant is capable of securely accessing a range of large language models (LLMs) that have been approved by the company. Marco Argenti, Goldman Sachs’ Chief Information Officer, expressed excitement about this development in a memo, emphasizing that the launch marks a significant milestone in the firm’s AI journey. He encouraged employees to explore how the assistant could positively influence their daily activities—from summarizing complex documents to performing data analysis.
Goldman Sachs’ exploration of AI technology has been underway for over a decade. The company previously introduced a version of the GS AI Assistant tailored for its developers, enabling thousands of engineers to accelerate the development of generative AI applications. This latest rollout extends the tool’s functionality to a broader range of employees.
The GS AI Assistant is specifically designed to cater to various professional roles within Goldman. For instance, developers, investment bankers, and research analysts each have customized versions of the tool that help streamline their unique tasks. Moreover, translation features have been incorporated, allowing wealth managers to translate research documents into client-preferred languages.
CEO David Solomon has highlighted the importance of AI in transforming engineering capabilities and modernizing the firm’s technology. He believes that increased AI adoption will yield significant productivity gains for both Goldman Sachs and the broader economy as it becomes more widely utilized.
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