Goldman Sachs to shareholders in annual letter: We are using AI, and generative AI models are prone to making mistakes, which could result in…
Goldman Sachs is integrating AI deeply into its operations, aiming to revolutionize client onboarding, risk management, and more with a new operating model. While CEO David Solomon expresses optimism about AI’s transformative potential and the bank’s strong financial performance, he also candidly warns shareholders about risks like incorrect outputs, data breaches, and external dependencies. Goldman…
