The junior bankers will be up next. Just as with attorneys, there is a lot of boilerplate stuff done by young'uns that really doesn't need to be touched by human hands.
From CNBC, February 6:
- Embedded Anthropic engineers have spent six months at Goldman building autonomous systems for time-intensive, high-volume back-office work.
- The bank expects efficiency gains rather than near-term job cuts, using AI to speed processes and limit future head count growth.
- Success beyond coding surprised executives, reinforcing that AI can handle complex, rules-based work like accounting and compliance.
Goldman Sachs has been working with the artificial intelligence startup Anthropic to create AI agents to automate a growing number of roles within the bank, the firm’s tech chief told CNBC exclusively.
The bank has, for the past six months, been working with embedded Anthropic engineers to co-develop autonomous agents in at least two specific areas: accounting for trades and transactions, and client vetting and onboarding, according to Marco Argenti, Goldman’s chief information officer.
The firm is “in the early stages” of developing agents based on Anthropic’s Claude model that will collapse the amount of time these essential functions take, Argenti said. He expects to launch the agents “soon,” though he declined to provide a specific date.
“Think of it as a digital co-worker for many of the professions within the firm that are scaled, are complex and very process intensive,” he said.
Goldman Sachs CEO David Solomon said in October that his bank was embarking on a multiyear plan to reorganize itself around generative AI, the technology that has made waves since the arrival of OpenAI’s ChatGPT in late 2022. Even as investment banks like Goldman are experiencing surging revenue from trading and advisory activities, it will seek to “constrain headcount growth” amid the overhaul, Solomon said....
....MUCH MORE
Can the dream of turning compliance into a profit center be far behind?
Related, July 2025:
"Goldman Sachs launches AI tool — fueling fears that ‘rise of the machines’ could hit jobs"
As noted some years ago:
"Commerzbank Replacing Human Research Analysts With Artificial Intelligence"
Sorry, that's a bridge too far, it's time to smash thelooms'puters.
(metaphor party mix)
