Goldman Sachs CEO: AI Could Slow Banks' Engineering Hiring in Coming Years

According to Bloomberg, Goldman Sachs CEO David Solomon said AI could curb banks' long-standing trend of rapidly expanding engineering teams. As clients become more tech-savvy, banks have hired engineers at scale to optimize operations and upgrade services. However, Solomon noted this dynamic may change due to AI's ability to significantly boost coding capabilities. "You will see some subtle changes, and over the next few years, that could modestly reduce the numbers that we initially recruit," Solomon said. The CEO declined to quantify AI's specific impact on Goldman Sachs' workforce.
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