Goldman Sachs has hired Daniel Marcu from Amazon.com as its global head of artificial intelligence engineering and science to help develop and refine artificial intelligence platforms and products, according to a memo seen by Reuters.

The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.

Hedge funds were already waiting to see if a U.S.-fostered, home-grown artificial intelligence boom would continue as China's new AI model was emerging to challenge U.S. dominance in the sector, a Goldman Sachs note said.

By streamlining the diagnostic process and reducing human error, AI-powered medical imaging can help healthcare professionals make quicker, more accurate decisions, ultimately improving patient outcomes and saving lives.

It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

Peter Oppenheimer, the chief of global equity strategy and the head of macro research for Goldman Sachs in Europe, opined that the rise of tech stocks due to the AI boom was not

Approximately $1 trillion is set to be spent globally on AI development in the coming years, according to estimates by Goldman Sachs. But DeepSeek developed its AI model for $6 million, according to Wedbush Securities analyst Dan Ives .

AI boom faces scrutiny as Chinese firm DeepSeek's model challenges U.S. industry. Investors question high infrastructure costs and returns.

Monday’s trillion-dollar stock-market wipeout will be remembered as an opportunity to scoop up shares of some of the most valuable U.S. companies at a discount, according to a team of equity strategists at Goldman Sachs Group.

From JPMorgan to Goldman Sachs, this is everything we know about how AI is being used in banking, from realizing productivity gains to analyzing data.

Goldman Sachs' new sell rating and lowered price target reflect a cautious outlook on Occidental Petroleum (NYSE:OXY)'s ability to deliver shareholder value in a stable oil price environment, where return of capital is increasingly important for investor consideration.