Goldman Sachs, an American financial services company, is making its in-house artificial intelligence (AI) assistant available to all employees, according to a June 23 report by Fox Business.
After testing the tool with 10,000 staff members, the bank has decided to expand its use throughout all departments.
The assistant, called GS AI Assistant, was designed to help employees with their daily tasks by using generative AI models. It can summarize documents, draft text, translate content, and analyze data.
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The tool supports different types of work, with features that adapt to the needs of developers, bankers, researchers, and client advisors.
Employees can choose from a list of approved large language models (LLMs), including GPT-4o, Claude 3.7 Sonnet, and Google’s Gemini models.
The company’s Chief Information Officer, Marco Argenti, stated in a memo that thousands of employees are already using the assistant and encouraged others to try it to improve their workflows.
One key feature added during the testing phase was the ability to translate. Wealth managers and analysts often work with clients who speak different languages. With the new tool, they can translate reports and presentations more easily.
The AI assistant also provides developers with code suggestions, while researchers can use it to highlight key points in complex reports.
On June 3, the US Food and Drug Administration (FDA) introduced Elsa, its internal AI platform. How does it work? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
