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Goldman Sachs Launches Firmwide AI Assistant to Boost Productivity. Goldman Sachs officially launched its generative AI assistant to boost productivity across the firm. Approximately 10,000 employees are already using the new GS AI Assistant, according to an internal memo. The tool aims to help with tasks like summarizing documents, drafting content, and performing data analysis. Goldman joins other major banks, like Citigroup and Morgan Stanley, in integrating AI to improve operations. Citigroup's AI tools include Citi Assist for policy searches and Citi Stylus for document summarization. Morgan Stanley uses a chatbot to aid financial advisors in client interactions. Bank of America's virtual assistant, Erica, focuses on retail clients' day-to-day transactions. Goldman Sachs' AI initiative is part of a broader trend in banking to leverage AI for operational efficiency.
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