An interesting quote from the Goldman Sachs on their use of AI (agents?)

David Solomon, Goldman’s chief since 2018, also spoke about the impact AI would have on his company’s businesses and those of his clients. The bank now has 11,000 engineers among its 46,000 employees, according to Solomon, and is using AI to help draft public filing documents. The work of drafting an S1 — the initial registration prospectus for an IPO — might have taken a six-person team two weeks to complete, but it can now be 95 per cent done by AI in minutes, said Solomon. “The last 5 per cent now matters because the rest is now a commodity,” he said.

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