How Wall Street Firms Are Warming to AI—With Help From Silicon Valley

Big banks were slow to adopt cloud services, initially nervous about storing their sensitive customer data on other companies’ servers. But when it comes to generative artificial intelligence, banks and other financial services firms have been early adopters.

Goldman Sachs, for instance, has more than 1,000 developers using generative AI for coding and plans to expand use of the technology to its entire 12,000-person engineering team by the end of 2024, Marco Argenti, the bank’s chief information officer, said in …

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