Overview

• Goldman Sachs expanded its GS AI Assistant from a January pilot with 10,000 staff to all 46,500 employees on June 23.
• The generative AI tool helps users summarize complex documents, draft initial content and perform data analysis.
• Employees can select from approved large language models, including OpenAI’s GPT-3.5 and GPT-4 and Google’s Gemini, through a secure, internal interface.
• Goldman Sachs executives say the rollout aims to boost productivity across departments and does not include immediate plans for workforce reductions.
• Competitors such as JPMorgan, Morgan Stanley and Citigroup have introduced similar AI applications, fueling debate over the technology’s long-term effects on entry-level roles.