Goldman Sachs Rolls Out AI Assistant

AI in BANKING

Goldman Sachs Rolls Out AI Assistant

The investment bank has rolled out their own internal AI coding assistant for internal developers.

The AI assistant is run off their own internal platform.

This internal platform allows Goldman Sachs to fine-tune the models with its own internal data in a safe way and that complies with regulations.

The bank has installed controls to ensure that models aren’t exposing data to employees who shouldn’t have access to this data.  

This AI coding assistant will assist internal developers in developing new internal AI applications.

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INVESTMENT BANKING

Asia M&A Hits 11 Year Low

Last week, we wrote about how US Investment Banking is experiencing a surge, but that’s mostly driven by capital markets.

Unfortunately, M&A deal flow throughout the Asian region hit eleven year lows resulting in mass layoffs in the industry amid slow deal flow.

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AI in BANKING

Morgan Stanley’s AI Assistant

Not to be outdone by Goldman Sachs, Morgan Stanley also rolled out their own AI assistant to fifteen thousand of their financial advisors.

The AI assistant will access client meetings and provide meeting notes and generate meeting summaries.

Morgan Stanley estimates it will save 30 minutes of work per meeting with the AI assistant.

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