Goldman Sachs has hired Daniel Marcu from Amazon.com as its global head of artificial intelligence engineering and science to help develop and refine artificial intelligence platforms and products, according to a memo seen by Reuters.
DeepSeek is triggering a correction, not a bear market
The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue as China's new AI model was emerging to challenge U.S. dominance in the sector, a Goldman Sachs note said.
AI boom faces scrutiny as Chinese firm DeepSeek's model challenges U.S. industry. Investors question high infrastructure costs and returns.
From JPMorgan to Goldman Sachs, this is everything we know about how AI is being used in banking, from realizing productivity gains to analyzing data.
By streamlining the diagnostic process and reducing human error, AI-powered medical imaging can help healthcare professionals make quicker, more accurate decisions, ultimately improving patient outcomes and saving lives.
It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.
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