Marco Argenti, CIO at Goldman Sachs, recognizes the shift in AI's role from a mere repository of facts to an advanced analytical tool. The bank has developed generative AI resources, such as the GS AI Assistant, enhancing productivity and decision-making. The initiative reflects a growing trend where financial institutions adopt AI to solve complex issues, positioning themselves competitively in the tech-driven era. Their goal is to extend these tools to more of their workforce, thus enabling a more innovative approach to engineering and operations.
"It is like the ultimate librarian that knows how to find the information," he told Business Insider in a recent interview.
Under Argenti's leadership, the bank has introduced generative AI-powered resources built using the AI platform Goldman launched in mid-2024.
During the bank's April earnings call, CEO David Solomon told shareholders that these tools, including the GS AI Assistant, promised "to scale and transform our engineering capabilities."
The rollout comes as financial firms, including other , start to embrace AI to enhance their operational and analytical capabilities.
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