Goldman Sachs Launches AI Assistant Firmwide to Revolutionize Wall Street Workflows

Key Points

• Research suggests Goldman Sachs launched the GS AI Assistant firmwide on June 23, 2025, to boost productivity.

• It seems likely that the tool helps with tasks like summarizing documents and data analysis, using multiple AI models.

• The evidence leans toward it being a significant step, with 10,000 employees already using it, now available to all.

Background
Goldman Sachs, a leading global investment bank, has introduced an AI assistant to enhance employee efficiency across the firm.

Launch Details
The GS AI Assistant was officially launched firmwide on June 23, 2025, as announced in an internal memo by Chief Information Officer Marco Argenti. It’s a generative AI tool designed to integrate into various workflows.

Capabilities and Use
The assistant helps with summarizing complex documents, drafting content, performing data analysis, and translation. It can access multiple AI models, like OpenAI’s GPT-4o and Google’s Gemini, ensuring secure and tailored support for roles like developers and bankers.

Impact and Context
Prior to the launch, around 10,000 employees were using it, and now it’s available to all, reflecting a trend in banking where AI is increasingly adopted for operational efficiency.

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Comprehensive Analysis: Goldman Sachs Launches AI Assistant Firmwide

This note provides a detailed examination of Goldman Sachs' firmwide launch of the GS AI Assistant on June 23, 2025, as revealed in an internal memo. It explores the tool's capabilities, implementation, employee usage, and industry context, offering insights for stakeholders in finance and technology.

Context and Market Overview

The financial services industry has been rapidly adopting artificial intelligence to enhance operational efficiency and productivity, particularly in tasks involving data analysis, document processing, and client interactions. Goldman Sachs, with over 46,000 employees globally, has been at the forefront of this trend, developing and testing AI tools to support its workforce. The current time is 08:44 AM PDT on Monday, June 23, 2025, and the launch coincides with heightened global attention on other events, such as the US-Iran conflict, but remains a significant internal development for the firm.

Launch Details and Memo Insights

On June 23, 2025, Goldman Sachs announced the firmwide launch of the GS AI Assistant through an internal memo sent by Chief Information Officer Marco Argenti, as reported by Fox Business and Reuters. The memo highlighted that the tool, driven by generative AI, aims to boost productivity across the organization. This launch marks an important milestone in Goldman Sachs' AI journey, with Argenti stating, "Today marks an important moment in our AI journey," emphasizing the strategic significance.

Prior to the firmwide rollout, approximately 10,000 employees were already using the GS AI Assistant, indicating a phased implementation. The memo did not specify the exact number of total employees now accessing the tool, but given Goldman Sachs' workforce size, it is now available to all, aligning with earlier goals mentioned in January 2025 to have all knowledge workers using it by year-end.

Capabilities and Technical Details

The GS AI Assistant is designed to assist with a variety of tasks, including summarizing complex documents, drafting initial content, performing data analysis, and providing translation functionality. These capabilities were detailed in the memo and corroborated by Business Insider, which provided examples of employee usage. The tool can securely tap into multiple large language models (LLMs) approved by Goldman Sachs, ensuring data protection and compliance. These models include OpenAI's GPT-4o, GPT-4o-mini, and o3-mini; Google's Gemini 2.0 Flash, Gemini 2.0 Flash Vision, Gemini 1.5 Flash, and Gemini 1.5 Pro; Anthropic's Claude 3.7 Sonnet; and various open-source models, as per Fox Business.

The assistant is tailored to different roles within the firm, with versions for developers, investment bankers, research analysts, and asset and wealth management employees. This customization ensures that the tool meets the specific needs of various specialties, enhancing its utility across departments.

Employee Usage and Impact

Employee feedback, as detailed in the April 2025 Business Insider article, provides insight into how the AI assistant is being used. For instance, Ashish Shah, a partner and chief investment officer, uses it to help with first drafts for presenting thoughts, brainstorming, and structuring concepts, reducing a task that could take 3-5 hours to 30 minutes. Kerry Blum, global head of equity structuring, uses Translate AI for translating communications, outputting results in seconds or minutes instead of days. Raphaelle Jacquemin, a managing director, assists with software tasks like Outlook and Python coding, while Christopher Dixon, a vice president, uses it for translating reports, improving productivity by a high double-digit percentage and reducing outsourcing costs. Samantha Boden, another vice president, uses it as a personal tutor for learning new topics, and engineers like Konstantin Kuchenmeister and Samruddhi Somwanshi leverage it for coding tasks, saving hours weekly.

CEO David Solomon highlighted the tool's impact, stating in January 2025 that AI does 95% of IPO prospectus work, underscoring its role in high-level tasks . This suggests significant efficiency gains, with Solomon further noting, "We continue to believe an acceleration in AI adoption will allow for further efficiencies," as per Fox Business.

Industry Context and Comparative Analysis

The launch positions Goldman Sachs among other major banks leveraging AI to shape their operations. For instance, Citigroup has AI tools like Citi Assist, which searches internal policies, and Citi Stylus, for document summarizing, while Morgan Stanley has a chatbot aiding financial advisors, and Bank of America's virtual assistant, Erica, focuses on retail client transactions, as mentioned in Reuters. This reflects a broader trend in the banking sector, with AI adoption accelerating to enhance productivity and client services.

Historically, Goldman Sachs has been an early adopter of technology, with the AI platform launched mid-2024, using models like Google's Gemini and OpenAI's ChatGPT, ensuring data protection, as per Business Insider. The firmwide launch in June 2025 builds on this foundation, aligning with industry efforts to integrate AI into daily operations.

Supporting Data Tables

Below are tables summarizing key details and employee usage:

Aspect	Details
Launch Date	June 23, 2025
Tool Name	GS AI Assistant
Memo Sender	Chief Information Officer Marco Argenti
Number of Employees Using (Pre-Launch)	10,000
Availability	Now firmwide, available to all employees

Employee Name	Position	AI Tool Used	How AI is Used	Time Savings/Impact
Ashish Shah	Partner, CIO Public Investing	GS AI Assistant	First drafts, brainstorming, structuring	Reduced 3-5 hour task to 30 minutes
Kerry Blum	Partner, Global Head Equity Structuring	Translate AI	Translates communications	Output in seconds/minutes, not days
Raphaelle Jacquemin	Managing Director, Global Banking	GS AI Assistant	Software tasks (Outlook, Python coding)	Not specified
Christopher Dixon	Vice President, Global Investment Research	Translate AI	Translates reports	High double-digit productivity improvement
Samantha Boden	Vice President, Global Banking	GS AI Assistant	Personal tutor for learning topics	Speeds up iteration and learning
Konstantin Kuchenmeister	Associate, Engineering	GS AI Assistant, Engineering Coding Assistant	Code writing, reviewing, vulnerability analysis	Saves hours weekly
Samruddhi Somwanshi	Analyst, Engineering	GS AI Assistant, Engineering Coding Assistant	Navigates codebase, writes test cases	Huge time-saver, smooths daily work

Conclusion

The evidence suggests that Goldman Sachs' firmwide launch of the GS AI Assistant on June 23, 2025, is a significant step to enhance productivity, with the tool assisting in summarizing documents, drafting content, data analysis, and translation. It leverages multiple AI models, is tailored for different roles, and builds on prior usage by 10,000 employees. Employee feedback indicates substantial efficiency gains, aligning with industry trends and positioning Goldman Sachs as a leader in AI adoption within banking.

Key Citations

• Goldman Sachs announces firmwide launch of AI assistant

• Goldman Sachs launches AI assistant firmwide, memo shows

• 7 Goldman Sachs insiders explain how the bank's new AI sidekick is helping them crush it at work

• Goldman Sachs CEO on AI doing 95% of IPO prospectus work

• Wall Street's AI adoption, including Goldman Sachs

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