Goldman Sachs will unleash a wave of generative AI “robots” to automate its famed “human assembly line,” but the tech won’t spark mass layoffs, the bank’s President and Chief Operating Officer John Waldron said Tuesday. Goldman plans to deploy digital agents across the firm to slash costs and supercharge productivity in a move that could…
You’re probably sick of reading about artificial intelligence, maybe especially from this byline. But amid all the discussion, hype, and hysteria, Goldman Sachs economists Sarah Dong and Joseph Briggs have a sobering dose of reality in the data: Fewer than 19% of U.S. establishments have adopted it. The Census Bureau’s Business Trends and Outlook Survey,…
AI had “basically zero” impact on the US economy in 2025, top economist claims No “tightening in the labor market” might be good for job certainty Global AI infrastructure spend will rise to $758 billion by 2029, says IDC Despite AI spend being initially set to bolster US economic growth in 2025 (by as much…
