Wealthion · Friday, August 28, 2026
Leading investment banks, including Goldman Sachs, have indicated that their internal use of Artificial Intelligence is primarily aimed at enhancing productivity and efficiency, rather than leading to job losses. Management teams have stated that AI implementation is not material enough to cause widespread unemployment.
“The case for using AI is pervasive internally. And they've, you know, it's used to improve productivity, productivity, efficiency and profitability.”
“Goldman Sachs said explicitly that using AI will not cost anybody their job.”
“And so there's this whole narrative around AI is going to take people's jobs. In some cases, it may replace people, but by and large, it's not material at all.”