AI @ Goldman Sachs
Summary
- Goldman Sachs has progressively integrated AI from early exploratory stages in 2020 to widespread firmwide deployment by mid-2025, notably launching a generative AI assistant to roughly 10,000 employees and piloting agentic AI software engineers, boosting productivity and operational efficiency.
- Key executives like CIO Marco Argenti have driven adoption emphasizing AI as a cognitive multiplier and productivity enhancer; generative AI tools contribute to faster coding (40% boost), reduced onboarding time (25%), and significant profitability improvements on trading desks (27%).
- The firm is advancing from traditional predictive AI to agentic AI capabilities, including autonomous code generation, projecting substantial market growth in AI-related software by 2030 ($780 billion), while focusing on transparency, human oversight, and ROI-driven AI deployments.
VIBE METER
4 AI Use Cases at Goldman Sachs
Code Generation2025
Risk Management2025
Productivity Enhancement2025
Timeline
2025 Q3
Pilot launch of 'Devin', an autonomous AI software engineer developed by Cognition, augmenting Goldman’s 12,000 developers; projected to increase worker productivity by 3-4x, representing a major agentic AI milestone.
2025 Q2
AI adoption intensified with the firmwide rollout of the GS AI Assistant to 10,000 employees; productivity enhancements included 27% trading intraday profit increase and code development speed boosts; emphasis on transparency and human oversight.
2025 Q1
Goldman Sachs launched the GS AI Assistant firmwide, a generative AI tool supporting bankers, traders, and asset managers, with focus on productivity gains and operational efficiency.
2024 Q4
AI began to enhance investment decision-making, with Goldman Sachs leveraging AI-driven insights and tools to improve client services and operational workflows.
2024 Q3
Continued rollout of generative AI tools for developer code generation; growing industry discussion around AI investments and realistic expectations.
2024 Q2
Goldman Sachs deployed its first generative AI tool for code generation across thousands of developers, signaling operational scaling of AI tools firmwide.
2024 Q1: no updates
2023 Q4
Emergence of generative AI tools and models accelerated, with Goldman Sachs emphasizing privacy and rapid adoption, signaling transition toward advanced AI technologies.
2023 Q3: no updates
2023 Q2: no updates
2023 Q1
Goldman Sachs Global Investment Research published estimates of generative AI boosting aggregate labor productivity growth by 1.5 percentage points, emphasizing AI’s macroeconomic importance.
2022 Q4: no updates
2022 Q3: no updates
2022 Q2: no updates
2022 Q1: no updates
2021 Q4: no updates
2021 Q3: no updates
2021 Q2: no updates
2021 Q1: no updates
2020 Q4: no updates
2020 Q3: no updates
2020 Q2: no updates
2020 Q1
Initial AI initiatives focused on applications in wealth management and cybersecurity, marking Goldman Sachs exploring AI capabilities.