Goldman Sachs has launched an AI-powered assistant for its employees to enhance wealth management services. The firm hopes this smart tool will absorb Goldman’s corporate culture over the coming years making its assistance akin to the one provided by the company’s seasoned banker.
Goldman Sachs has launched an AI-powered assistant called GS AI for its financiers, market traders, and investment managers.
The new tool is currently available to about 10,000 of the firm’s employees, with plans to make it available to all the staff by the end of the year.
GS AI uses advanced generative AI to provide tailored financial advice, streamline client interactions, and improve decision-making processes. It is designed to assist wealth advisors and clients with personalised insights and better portfolio management. Among the tasks that can be delegated to Goldman’s AI assistant at the moment, there’s summarising texts, responding to queries, proofreading emails and translating code from one language to another.
According to Goldman Sachs’s Chief Information Officer Marco Argenti, the tool has a very simple interface and provides information based on the firm’s proprietary data and internal processes information.
The team considers its further development from the basic functions into a full agentic AI example. The vision is that GS AI will eventually perform multistep tasks with little human intervention in line with Goldman’s mission and corporate culture. “The model is going to start to do things like a Goldman employee, not only say things like a Goldman employee,” explains Argenti.
The abovementioned vision coincides with the latest Citi GPS report that suggests agentic artificial intelligence (AI) will see mass adoption in the financial sector in the nearest future. In finance, agentic AI can enhance many operations’ efficiency, scalability, and personalisation. Potential applications include virtual financial assistants offering individual and highly personalised investment advice, autonomous fraud detection systems, and streamlined compliance processes such as Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Most major banks are already exploring generative AI tools for internal use. Thus, Morgan Stanley CEO Ted Pick says that the AI ability to transcribe conversations and categorise them by topic could save financial advisers 10 to 15 hours a week. The firm has recently expanded the use of AI assistant tools from financial advisors to its investment banking and trading units.
Morgan Stanley has also actively engaged in discussions about agentic AI, particularly through its thematic research. In a “Thoughts on the Market” podcast, Ed Stanley, the Global Head of Thematic Research, highlighted the significance of understanding AI’s rapid evolution, referring to 2025 as “the year of AI agents.”
JPMorgan Chase has also implemented a digital assistant based on generative artificial intelligence for its employees’ internal use. The bank’s leadership, including CEO Jamie Dimon, has repeatedly emphasised the transformative potential of AI, highlighting its role in reshaping business practices and improving efficiency.
