AI is becoming a big deal for big banks. What the CEOs of JPMorgan, Goldman Sachs and more are saying
Briefly

As we look longer term, to the extent that this technology develops in line with expectation, there will be significant demand for AI-related infrastructure, and as a result, financing, which will be a tailwind to our business. For our own operations, we have a leading team of engineers dedicated to exploring and applying machine learning and artificial intelligence applications. We are focused on enhancing productivity, particularly for our developers and increasing operating efficiency, while maintaining a high bar for quality, security and controls. Like with any emerging technology, a thoughtful approach and keen eye on risk management will be crucial. - Goldman Sachs CEO David Solomon
Goldman Sachs CEO David Solomon is particularly excited by the opportunities AI could present for the investment bank. In a recent call with analysts, he noted that Goldman is already seeing "enormous appetite" from clients for advising and supporting AI strategies, and the potential for continuing work in the field. Company and government needs around AI infrastructure are "creating an ecosystem of activity in our investment banking and markets business," Solomon said, pegging it as an area that could continue to expand over a long period of time.
Read at Quartz
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