Goldman Sachs is 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,

The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.

It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

Goldman Sachs is rolling out a Generative AI assistant to its staff in the first stage of a programme that aims to create a bot capable of thinking and acting like a veteran employee.

Goldman Sachs (GS) is rolling out a generative AI assistant to its bankers, traders and asset managers, the first stage in the evolution of a

Goldman Sachs (GS) is joining several of its investment banking peers, including JPMorgan Chase (JPM) and Morgan Stanley (MS), in launching a generative AI assistant to boost employee efficiency.

Argenti's broad prediction echoes comments last week in the CES keynote by Nvidia CEO Jensen Huang. Huang said onstage that "in the future, these AI agents are essentially digital workforce that work beside your employees, and do things on your behalf."

Shopify is worth $134 billion. The stock must return at least 22% for its market value to top $163 billion in 2025. Anthony Chukumba at Loop Capital has set Shopify with a target price of $140 per share. That forecast implies 36% upside from its current share price of $103.

Databricks raises $15B to accelerate AI growth, expand globally, and strengthen its position ahead of a possible IPO

AI could drive a $7 trillion increase in global GDP, lifting productivity growth by 1.5 percentage points over 10 years.

Announcements are expected as soon as today.

In a bold claim, Goldman Sachs CEO David Solomon has said that artificial intelligence (AI) can draft an IPO (initial public offering) prospectus. According to Financial Times, Solomon said that AI can accurately compile 95% of such a document.