Overview
- Goldman updated internal guidance in October that narrows use of advanced third‑party coding tools such as Anthropic’s Claude and Microsoft/GitHub tools mainly to the firm’s engineers while keeping quant strategists exempt.
- The change was reported Monday and follows months of internal experimentation during which non‑technical staff had used these tools to prototype code and hand projects to engineers.
- Some traders and bankers say the restriction hurts productivity for tasks like monitoring client flows, building simple models, and producing written and graphic materials that they previously automated with AI.
- At the same time Goldman is expanding its in‑house GS AI Assistant to tens of thousands of staff and continuing limited trials of agentic systems for uses such as trade surveillance.
- The move tracks a wider banking shift to tighten outside agent access after recent incidents and rising regulatory scrutiny and could prompt stricter vendor controls, credential protections, and more centralized AI governance across the industry.