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Goldman Sachs Taps AI for Internal Automation
7 Feb
Summary
- Goldman Sachs is developing AI agents with startup Anthropic.
- These agents will automate internal functions like accounting and client onboarding.
- The technology is expected to significantly cut down operational process times.
Goldman Sachs has partnered with tech startup Anthropic to develop advanced AI agents. The objective is to automate various internal operations within the financial institution. Marco Argenti, the bank's chief information officer, confirmed this initiative.
These autonomous agents are being built to handle tasks such as trade and transaction accounting. They will also assist with client due diligence and onboarding processes, aiming to streamline these critical functions.
While still in the early stages, the AI technology based on Anthropic's Claude model is anticipated to drastically cut down the time required for essential operational tasks. Goldman Sachs intends to deploy these agents in the near future.
