Goldman Sachs President and Chief Operating Officer John Waldron has said the firm will introduce new generative AI “robots” to help automate parts of its well-known “human assembly line.” However, he added that this new technology is not expected to cause mass layoffs. The leading global investment banking firm plans to deploy digital agents across the firm to cut down costs and supercharge productivity in a move that could reshape one of New York City’s biggest employers. “We’ve described Goldman Sachs as a human assembly line,” Waldron told CNBC at the investment bank’s 200 West St. headquarters.
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