Goldman Sachs is considering an AI assistant for Marcus

  • “Goldman Sachs is looking to roll out AI-enabled money management tools for Marcus, its digital-only bank
  • The ability to view recurring charges, such as for online services or bills, was called “extremely valuable” by 42% of mobile banking users who responded to Business Insider Intelligence’s Mobile Banking Competitive Edge Report”

You Now Need To Code To Work On Wall Street

  • “Before retiring from top-tier investment bank Goldman Sachs, Marty Chavez, the firm’s tech evangelist, predicted that it will be as important for traders to know how to code as “writing an English sentence.” 
  • About 75% of Citi’s trading activities were conducted electronically in 2019.
  • One of the largest expenditures at the banks is technology. They are each spending upwards of $10 billion every year. 
  • Artificial intelligence, robotics, sophisticated software and technology will ultimately replace large groups of employees”

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Goldman Rolls Out New ETFs Focused On Artificial Intelligence

“Move over, plain-vanilla passive investing. The machines are taking over.

The latest evidence: On Thursday, Goldman Sachs Group Inc. launched five new exchange-traded funds that rely on indexes built with machine learning and artificial intelligence.

The New York investment bank is working with Motif Investing Inc. to identify companies that fit with broad themes that Goldman’s money managers think will drive growth, like ‘finance reimagined’ and ‘data-driven world.'”