Goldman Sachs CIO on How the Bank Is Actually Using AI | Odd Lots

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In this conversation, Marco Argenti, Chief Information Officer at Goldman Sachs, discusses the implementation and impact of AI in the banking industry. He explains how Goldman Sachs has developed its own AI platform, GS AI, to integrate various models securely. Argenti highlights the significant productivity gains from AI, particularly in developer productivity, and discusses the challenges of implementing AI in a regulated environment. He explores the future of AI hardware, the changing nature of software development, and the impact of AI on job roles within the bank. Argenti emphasizes the importance of responsible AI use, the potential of open-source models, and the need for a balanced approach between using cloud resources and in-house infrastructure. Throughout the conversation, he stresses the transformative potential of AI in finance while acknowledging the need for careful governance and ethical considerations. Copy

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