Goldman Sachs     is experimenting with generative AI tools internally to help its developers automatically generate and test code, the company's

Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code

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2023-03-22 12:00:08

Goldman Sachs is experimenting with generative AI tools internally to help its developers automatically generate and test code, the company's chief information officer told CNBC.

Marco Argenti, who joined Goldman as a partner from Amazon in 2019, said Tuesday that the firm's software engineers have been using the technology to automatically generate lines of code.

"Developers are already using some of the assisted coding technology," Argenti told CNBC's Arjun Kharpal at the Goldman Sachs technology symposium on Tuesday.

Among the most popular examples is ChatGPT, an AI chatbot developed by Sam Altman's OpenAI. Other competing products include Google's Bard and Stable Diffusion, an AI-based image generator created by startup Stability AI.

Goldmans' interest in generative AI products comes despite pushback from some banking giants on the use of ChatGPT internally. JPMorgan, Goldman Sachs, Citigroup and Bank of America have all reportedly restricted staff from using the software.

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