Goldman Sachs has just released AI Generation assistants throughout the company, allowing all employees to use in what the bank is called an important step in technology strategies.
The movement occurred for more than one year of development and testing in relation to over 10,000 employees who use this tool to use GS AI Assistant as the AI interface that allows employees to interact with large language models such as GPT and Gemini.
“We have developed the learning apps of AI and machinery and infrastructure for many years, including the tools that are driven by AI many times, which change our work methods.
These tools include software developers for translation tools for internal teams and “Copilot Bank” that have experienced designs that are designed to improve the workflow for the banker for investment. However, the GS AI assistant is the first AI system to launch the entire company, the official objective is to help employees manage the work, such as complex documents.
The initiative is not related to the work. But regarding the improvement of the work of the employees who are familiar with the launch of Gizmodo, the source said that Goldman Sachs hopes that the tools will help employees drive effectively.
But this movement is part of a quiet weapon competition on the Wall Street, which companies such as Citi, Bank of America and Morgan Stanley also use AI Chatbots to do the boring white work that has been used by the junior banker for decades.
As the AI experts are changing these banks Instead of using the analyst's army to scan the legal documents themselves, such as some on Wall Street, use AI to specify important items in the contract and flag list that needs human interests.
Some banks have created AI to manage the stars. “When the customer responds to the email, healing, 'yes' or not' or a vague question. AI will analyze free text and decide what to do.” The banking master for large investment tells GIZMODO. If AI is confident enough, the system will automatically call No need for humans
Even the management work is automatically. The banker said that their company uses AI to help the manager create the criticism and objectives of the staff to reduce the time and be confident that the documents will be more polished.
While the official line is AI, the employees are free for “higher value work”. The consequences in the real world are the demand for human labor. The banker confirms that because their AI system is now 85% of all customers' response for Karjin. “Operation team avoiding hiring a new 30 people”
At the Goldman Sachs, the application of AI began last year with the development of Copilot, which is currently used by more than 12,000 engineers, which provides a lot of production. After the said success, the company began to expand the GS AI assistant by promoting overwhelmingly positive opinions throughout the company this week.
“Our people all over the company are included with their origin with their workflow and push to increase productivity to our team and deliver our customers.”
Although the use of the assistant is a clear message: everyone is encouraged to try. For the Goldman's movement industry, it is an important examination, which provides legitimacy to the role of AI in financial services. It also reflects the wider trend: with AI baked in software such as Microsoft Teams and Outlook, the staff uses with the default.
Of course, the revolution of this production has reached human expenses. If one AI tool is replaced by 30 employees in one corner of the bank, what will happen when the entire industry decreases?