Goldman Sachs bankers explore limits of AI: ‘The risk is over-reliance’

Some enterprise uses of AI. In this case, it feels like it’s all just using a chat app integrated with data - if even that!

“Goldman rolled out its generative AI-powered platform – GS AI Assistant – to all its roughly 46,000 employees in June, telling staff the aim was for it to help with tasks such as summarising complex documents, drafting content and performing data analysis.”

And: “They offer enormous efficiency gains, such as drafting documents for an initial public offering in minutes that previously would have taken months, or quickly sketching out a multiyear investment plan. But they can lack the personal nuance that is crucial in a demanding client service business such as banking, which commands multimillion-dollar fees.”

Also: “So far she says AI has helped her do her job in four key ways: getting quick answers to complex technical questions; summarising the key points within dense documents; editing and polishing her own written work; and brainstorming. Time saved can be spent with colleagues and clients.”