Goldman Sachs has unveiled GS AI Assistant, a generative AI tool designed to help employees streamline tasks while gradually developing the capabilities to think and act like a seasoned banker. Initially deployed to 10,000 employees, the tool is poised to expand to all knowledge workers across the firm by the end of the year, according to Marco Argenti, the bank’s Chief Information Officer.
At its current stage, GS AI Assistant performs functions such as summarizing documents, proofreading emails, and translating code. Built using data trained on OpenAI’s ChatGPT, Google’s Gemini, Meta’s Llama, and models from providers such as Anthropic and Cohere, the tool combines capabilities to answer queries and provide analytical insights. According to Argenti, this technology is envisioned as an AI counterpart to a Goldman Sachs employee—imbibing the firm’s culture and internal practices to produce nuanced, context-aware outputs.
Beyond the initial deployment, Goldman has broader aspirations for GS AI Assistant. In its next phase, the platform will move towards agentic functionality, capable of executing complex, multistep processes with minimal human intervention. “The AI assistant becomes really like talking to another GS employee,” Argenti noted, emphasizing that future iterations will incorporate behavior typical of an experienced banker, such as double-checking data sources and applying precise algorithms for calculations.
In three to five years, Argenti envisions GS AI Assistant reasoning independently, demonstrating decision-making abilities that mirror those of veteran Goldman staff. This will fundamentally reshape workflows, enabling Goldman Sachs to achieve higher productivity while reducing time-intensive manual tasks.
Goldman’s foray into generative AI mirrors a trend sweeping through Wall Street. Rival firms like Morgan Stanley and JPMorgan Chase are also integrating AI tools to enhance operational efficiency. Morgan Stanley, for instance, is rolling out OpenAI-powered tools to 40,000 employees, while JPMorgan has introduced a generative AI chatbot that functions like a “research analyst at your desk.”
The rise of AI tools across financial institutions has sparked debate about their impact on the workforce. A Bloomberg report estimated that up to 200,000 jobs in the sector could be at risk as AI adoption accelerates. However, proponents argue that these technologies will complement human talent by automating mundane tasks, freeing up time for higher-value activities.
As AI continues to evolve within financial services, Goldman Sachs’ GS AI Assistant stands at the forefront of technological innovation. By creating tools that emulate seasoned professionals, the bank aims to redefine productivity, empower its workforce, and set a new standard for AI integration in banking.