Latest news with #GSAI
The Hindu
2 days ago
- Business
- The Hindu
Goldman Sachs launches AI assistant firmwide, memo shows
Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo seen by Reuters. Around 10,000 employees at the bank are already using the GS AI Assistant, the memo sent to staff by Chief Information Officer Marco Argenti showed. With the AI tool's official company-wide launch, Goldman joins a long list of big banks already leveraging the technology to shape their operations in a targeted manner and help employees in day-to-day tasks. Citigroup has AI tools such as Citi Assist, which searches internal bank policies and procedures, as well as Citi Stylus, which helps with document summarizing and comparisons. Morgan Stanley has a chatbot that helps financial advisors in interactions with clients, while Bank of America's virtual assistant, Erica, focuses on day-to-day transactions of retail clients. The GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to performing data analysis," according to the internal memo.
Time of India
2 days ago
- Business
- Time of India
Goldman Sachs launches AI assistant firmwide, memo shows
Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo seen by Reuters. Around 10,000 employees at the bank are already using the GS AI Assistant, the memo sent to staff by Chief Information Officer Marco Argenti showed. With the AI tool's official company-wide launch, Goldman joins a long list of big banks already leveraging the technology to shape their operations in a targeted manner and help employees in day-to-day tasks. Citigroup has AI tools such as Citi Assist , which searches internal bank policies and procedures, as well as Citi Stylus, which helps with document summarizing and comparisons. Morgan Stanley has a chatbot that helps financial advisors in interactions with clients, while Bank of America's virtual assistant, Erica, focuses on day-to-day transactions of retail clients. Live Events The GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to performing data analysis," according to the internal memo. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories
Yahoo
2 days ago
- Business
- Yahoo
Goldman Sachs launches AI assistant firmwide, memo shows
(Reuters) -Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo seen by Reuters. Around 10,000 employees at the bank are already using the GS AI Assistant, the memo sent to staff by Chief Information Officer Marco Argenti showed. With the AI tool's official company-wide launch, Goldman joins a long list of big banks already leveraging the technology to shape their operations in a targeted manner and help employees in day-to-day tasks. Citigroup has AI tools such as Citi Assist, which searches internal bank policies and procedures, as well as Citi Stylus, which helps with document summarizing and comparisons. Morgan Stanley has a chatbot that helps financial advisors in interactions with clients, while Bank of America's virtual assistant, Erica, focuses on day-to-day transactions of retail clients. The GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to performing data analysis," according to the internal memo.
The Star
2 days ago
- Business
- The Star
Goldman Sachs launches AI assistant firmwide, memo shows
FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo (Reuters) -Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo seen by Reuters. Around 10,000 employees at the bank are already using the GS AI Assistant, the memo sent to staff by Chief Information Officer Marco Argenti showed. With the AI tool's official company-wide launch, Goldman joins a long list of big banks already leveraging the technology to shape their operations in a targeted manner and help employees in day-to-day tasks. Citigroup has AI tools such as Citi Assist, which searches internal bank policies and procedures, as well as Citi Stylus, which helps with document summarizing and comparisons. Morgan Stanley has a chatbot that helps financial advisors in interactions with clients, while Bank of America's virtual assistant, Erica, focuses on day-to-day transactions of retail clients. The GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to performing data analysis," according to the internal memo. (Reporting by Saeed Azhar and Pritam Biswas in Bengaluru; Editing by Shreya Biswas)
Reuters
29-01-2025
- Business
- Reuters
Goldman Sachs hires Amazon exec in senior AI engineering role
NEW YORK, Jan 29 (Reuters) - Goldman Sachs (GS.N), opens new tab has hired Daniel Marcu from (AMZN.O), opens new tab as its global head of artificial intelligence engineering and science to help develop and refine artificial intelligence platforms and products, according to a memo seen by Reuters. Before joining Goldman, Marcu was vice president of Web and Knowledge Services in Alexa Information and then Amazon Artificial General Intelligence, the memo said. He joins a roster of technology experts at Goldman that includes Chief Information Officer Marco Argenti, who also worked at Amazon Web Services. Goldman Sachs CEO David Solomon said during the bank's fourth-quarter earnings call earlier this month that Goldman is leveraging AI solutions to scale and transform its engineering capabilities, simplify and modernize its technology, and drive productivity. The Wall Street bank is also rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a program that will eventually take on the traits of a seasoned Goldman employee, Argenti told CNBC on Jan. 21. Goldman confirmed the comments. The bank has released a program called GS AI assistant to about 10,000 employees so far, with the goal that all the company's knowledge workers will have it this year, Argenti said. The memo announcing Marcu's appointment also said Rahul Sharma will continue to serve as head of GS AI platform engineering, reporting to Marcu, and Bing Xiang will continue to serve as head of AI Research within Engineering, also reporting to Marcu. Marcu brings more than three decades of experience in research and development organizations including leadership positions in academia, start-ups and large multinational services and technology companies. He also worked at the Information Sciences Institute and University of Southern California for more than 20 years.
