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Goldman Restricts Traders and Bankers From Using Some AI Tools
Goldman Sachs has restricted its traders and bankers from using certain artificial intelligence tools, according to a Bloomberg report. The move limits which AI applications employees on the trading and banking floors can access, reflecting Wall Street's caution over data security and compliance risks as firms race to adopt generative AI while safeguarding client information.
Why now: Major banks are racing to adopt AI, so a leading investment bank pulling back on some tools raises questions about risk and compliance.
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