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Goldman Sachs Unveils Firmwide AI Assistant to Boost Productivity
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Key Takeaways
GS has launched its generative AI Assistant across the firm to streamline tasks and improve efficiency.
The tool supports functions like report summarization, data analysis, and document translation.
It is designed for diverse teams, including banking, tech, research, and wealth management staff.
Goldman Sachs (GS - Free Report) has firmwide launched GS AI Assistant, a tool driven by generative AI, according to an internal memo seen by Reuters.
Details of GS's AI Assistant
The GS AI Assistant, already in use by approximately 10,000 employees, is now accessible across the company. The assistant, powered by generative AI, is built to improve productivity by helping employees summarize reports, draft content, analyze datasets, and translate documents. It is tailored to meet the needs of employees in different functions, including investment banking, software development, research analysis, and asset and wealth management.
According to the internal memo, the GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to perform data analysis."
Our Take on GS's Digital Transformation Efforts
The launch of GS AI Assistant marks a significant milestone in Goldman Sachs’ digital transformation, demonstrating the company’s commitment to integrating advanced technology across its operations. By scaling generative AI firmwide, the company intends to enhance productivity, streamline workflows, and maintain a competitive edge in the financial sector.
GS's Price Performance & Zacks Rank
Shares of GS have gained 44.7%, outperforming the industry’s growth of 34.2% in the past year.
In May 2025, Deutsche Bank (DB - Free Report) embarked on a digital transformation drive, focusing on cloud migration, artificial intelligence (AI), and automation to enhance operational efficiency and client services. In sync with this, DB has collaborated with International Business Machines (IBM - Free Report) and finaXai, a Singapore-based AI company.
By leveraging IBM’s innovative technologies, Deutsche Bank aims to streamline workflows, reduce operational costs and improve efficiency across all areas of its business. Further, a strategic partnership with finaXai is expected to significantly expand Project DAMA 2 — DB’s public-permissioned multi-chain asset servicing pilot.
In March 2025, Citigroup Inc. (C - Free Report) unveiled Citi AI, a range of artificial intelligence tools aimed at enhancing internal processes for Hong Kong employees. Citi AI aims to maximize efficiency in operations by offering support in information retrieval, document summarization, and writing electronic communications for employees.
As of March 2025, Citigroup AI was made available to approximately 150,000 employees across 11 countries, including the United States, India, and Singapore. C plans to expand availability to more markets this year.
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Goldman Sachs Unveils Firmwide AI Assistant to Boost Productivity
Key Takeaways
Goldman Sachs (GS - Free Report) has firmwide launched GS AI Assistant, a tool driven by generative AI, according to an internal memo seen by Reuters.
Details of GS's AI Assistant
The GS AI Assistant, already in use by approximately 10,000 employees, is now accessible across the company. The assistant, powered by generative AI, is built to improve productivity by helping employees summarize reports, draft content, analyze datasets, and translate documents. It is tailored to meet the needs of employees in different functions, including investment banking, software development, research analysis, and asset and wealth management.
According to the internal memo, the GS AI assistant will help Goldman employees in "summarizing complex documents and drafting initial content to perform data analysis."
Our Take on GS's Digital Transformation Efforts
The launch of GS AI Assistant marks a significant milestone in Goldman Sachs’ digital transformation, demonstrating the company’s commitment to integrating advanced technology across its operations. By scaling generative AI firmwide, the company intends to enhance productivity, streamline workflows, and maintain a competitive edge in the financial sector.
GS's Price Performance & Zacks Rank
Shares of GS have gained 44.7%, outperforming the industry’s growth of 34.2% in the past year.
Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Finance Firms Taking Similar Steps
In May 2025, Deutsche Bank (DB - Free Report) embarked on a digital transformation drive, focusing on cloud migration, artificial intelligence (AI), and automation to enhance operational efficiency and client services. In sync with this, DB has collaborated with International Business Machines (IBM - Free Report) and finaXai, a Singapore-based AI company.
By leveraging IBM’s innovative technologies, Deutsche Bank aims to streamline workflows, reduce operational costs and improve efficiency across all areas of its business. Further, a strategic partnership with finaXai is expected to significantly expand Project DAMA 2 — DB’s public-permissioned multi-chain asset servicing pilot.
In March 2025, Citigroup Inc. (C - Free Report) unveiled Citi AI, a range of artificial intelligence tools aimed at enhancing internal processes for Hong Kong employees. Citi AI aims to maximize efficiency in operations by offering support in information retrieval, document summarization, and writing electronic communications for employees.
As of March 2025, Citigroup AI was made available to approximately 150,000 employees across 11 countries, including the United States, India, and Singapore. C plans to expand availability to more markets this year.