Goldman Sachs pulls AI coding tools from traders and bankers

Brief overview

Goldman Sachs halts use of advanced AI programming tools like Anthropic Claude Code and GitHub for bankers and traders, with only engineers allowed to continue, according to an internal guide cited by Bloomberg in October. Previously, bankers and traders had used these tools to monitor trading flows and create content. The adjustment was made for 'productivity and risk management and other factors,' a Goldman Sachs spokesperson said the experiment phase has ended, and the tools will be limited to 'the most suitable people for long-term use,' causing internal dissatisfaction within the company.

Same story3 other outlets also reported this

The Decoder·04:00·First·Reading now
Goldman Sachs halts use of advanced AI programming tools like Anthropic Claude Code and GitHub for bankers and traders
36Kr · AI·07:24·+3 h 24 min
Goldman Sachs restricts traders and bankers from using AI tools such as Claude Code and GitHub.
Adds:36Kr mentions the ban was previously allowed for bankers.
ITHome · AI·15:13·+11 h 13 min
Goldman Sachs restricts traders' use of AI tools like Claude Code, causing dissatisfaction.
Hacker News · 300+·9 Nov, 02:16·+6 d
Goldman Sachs has restricted employee use of Claude Code and GitHub to only engineers.

In order of publication · later reports are added as they appear · Compared by AI from each outlet’s title and summary

Article

Goldman Sachs has cut off most of its employees from advanced AI coding tools like Anthropic's Claude Code and Microsoft's GitHub. Only engineers can still use them, according to Bloomberg, citing internal guidelines from October. Traders and bankers had spent months using the tools to monitor trading flows and create content. The rollback is reportedly causing frustration inside the firm.

Back in July, Goldman CIO Marco Argenti praised "vibe coding" by non-technical staff in an interview. A trader or someone in asset management would have an idea, build a quick prototype with AI, and then hand it off to an engineer to scale for production. That's no longer the plan, it seems.

Why the U-turn? Bloomberg's report cites only a "variety of factors including productivity and risk management," according to Goldman spokesperson Nick Carcaterra. He added that the experimentation phase is over, and the firm is now limiting the tools to the people "who are best suited to leverage them for the long term."

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Source: The Decoder · the-decoder.com