The revised mandate reverses earlier guidance from Chief Information Officer Marco Argenti, who had encouraged non-technical employees to develop automated solutions for engineers to refine. A company spokesperson clarified that the bank typically pilots artificial intelligence broadly to gauge performance before restricting it to low-risk, high-productivity roles. Despite these cuts, the institution continues to deploy internal assistants integrating models from OpenAI, Alphabet, and Anthropic, though Claude access was separately restricted for Hong Kong personnel.
Key points
Financial firms across Wall Street are reigning in generative artificial intelligence acc…: Financial firms across Wall Street are reigning in generative artificial intelligence access due to cybersecurity risks and uneven productivity returns.
Escalating platform expenses have led major financial institutions like JPMorgan Chase to…: Escalating platform expenses have led major financial institutions like JPMorgan Chase to restrict powerful models to strictly necessary business operations.
The bank evaluates technology by permitting widespread initial use before narrowing acces…: The bank evaluates technology by permitting widespread initial use before narrowing access based on risk and operational productivity metrics.
Sources checked by our analysis pipeline: 1
Goldman Sachs has cut off most of its staff from advanced AI coding tools, and not everyone at the bank is pleased. Access to tools like Anthropic's Claude Code and Microsoft's GitHub is now limited to engineers, according to internal guidance updated in October and seen by Bloomberg. Traders, bankers and other non-technical employees, many of whom had been using these tools for months, have lost access.
The bank says the call came after it looked at productivity and risk. A Goldman spokesperson, Nick Carcaterra, told Bloomberg that the firm offers certain AI tools to staff so it can figure out where they work best. Once that trial period ends, the tools go "in the hands of those who are best suited to leverage them," he said.
There is one exception. The rule does not apply to strats, Goldman's term for employees who sit between trading, quantitative research and software engineering.
Traders seem to feel the change most. According to a person familiar with the matter cited by Bloomberg, some had been using the tools to track client trading flows,…
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