4 days ago · The explosion in interest in generative artificial intelligence has resulted in an arms race to develop the technology, which will require many high-density data centers as well as much more electricity to power them.. Goldman Sachs Research forecasts global power demand from data centers will increase 50% by 2027 and by as much as 165% by the end of the decade (compared with 2023), writes ...

4 days ago · Goldman Sachs has announced its "GS AI assistant" has begun to roll out to around 10,000 employees as part of their long term push to introduce AI "employees", says Futurism. The AI assistant will be tasked with summarizing and proofreading emails, as well as translating code between programming languages, says Goldman chief information officer ...

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4 days ago · In this inaugural episode of a special podcast series, AI Exchanges, Co-Hosts Allison Nathan and George Lee discuss the issues surrounding the cost of AI development and implementation, and the impact on deal-making, with Kim Posnett, global co-head of Investment Banking in Goldman Sachs’ Global Banking & Markets business.

Jan 25, 2025 · Goldman Sachs has recently introduced the "GS AI Assistant" to approximately 10,000 employees, marking a significant step in integrating artificial intelligence into its operations. This move ...

Goldman Sachs will finish rolling out its first generative artificial intelligence tool—for code generation—to thousands of developers across the company by the end of the month.

Aug 22, 2024 · The Goldman Sachs Value Accelerator (VA) team has been advising many of our portfolio companies on over 20 GenAI pilots they are developing for their businesses and scaled up use cases in this same timeframe.

Jan 25, 2024 · Goldman Sachs Chief Information Officer Marco Argenti shares insight about emerging generative AI models, entering a new era of hybrid AI ecosystem.

Aug 7, 2023 · In some instances, according to Goldman Sachs Chief Information Officer Marco Argenti, developers are accepting nearly 40% of code written by AI, 5 which could boost programming productivity by double digit percentages. Eventually, AI will be used in entertainment, medicine, and nearly every industry.

Jan 3, 2025 · With the world’s biggest companies racing to build the most sophisticated artificial intelligence, questions about how far and how fast the technology can be scaled are coming into focus, according to Goldman Sachs Research. The advent of generative AI (gen AI) has created a surge of excitement about the future of the technology.