Goldman Sachs announced the firmwide deployment of its GS AI Assistant in June 2025, a generative artificial intelligence tool already being used by 10,000 employees to summarize complex documents, draft initial content, and perform data analysis. Marco Argenti, Goldman Sachs' Chief Information Officer, stated that this marks an important milestone in the company's AI journey as the first generative AI-powered tool to reach this scale. The significance of the tool lies in its ability to securely access various large language models—including OpenAI's GPT-4o, Google's Gemini, and Claude 3.7 Sonnet—while allowing users to select the model that best suits their specific needs.
Goldman Sachs' journey with AI began more than a decade ago, but the real breakthrough came with the developer tool launched last year, which has now been expanded to cater to different work functions, including investment bankers, research analysts, and employees involved with asset and wealth management. The AI assistant offers features tailored to specific roles, such as translation functionality for analysts and wealth managers to translate research and other documents into languages preferred by clients. The GS AI Assistant was made available to 10,000 employees in January 2025, and based on the positive feedback received, the decision was made to implement it across the entire organization, making it accessible to all of Goldman Sachs' 46,500 global employees. With this implementation, Goldman Sachs joins other major financial institutions that have already integrated AI technology into their daily operations.
Citigroup uses tools like Citi Assist and Citi Stylus for searching internal bank policies and document summarization, Morgan Stanley employs a chatbot to assist financial advisors in their interactions with clients, while Bank of America's virtual assistant Erica focuses on day-to-day transactions. David Solomon, Goldman Sachs' CEO, stated in the company's first quarter earnings call that they are leveraging AI solutions to scale and transform our engineering capabilities as well as to simplify and modernize our technology stack, and they continue to believe an acceleration in AI adoption will allow for further efficiencies for our own business, and for companies large and small, as it is utilized more broadly, productivity gains for the economy will be significant.
Sources:
Eric Revell
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Goldman Sachs launches a custom AI tool across the company, aiming to boost productivity by integrating artificial intelligence into daily workflows.
