Exclusive: Is Goldman Sachs preparing its own AI chatbot?

Argenti also likened the advent of powerful generative artificial intelligence systems such as ChatGPT to the invention of the printing press, and predicted the technology will transform how businesses store and organize institutional knowledge, according to the email. He also raised the question of whether A.I. could make rising inequality worse. Goldman Sachs declined to comment on Argenti's message. In the email, Argenti said that while others have said generative A.I. will be more impactful than the discovery of fire, the debut of the internet, or the move to cloud computing, he believed that a better analogy is the invention of the printing press, which had the effect of both democratizing access to knowledge as well as massively accelerating the codification of knowledge. Argenti said that while "efficiency gains are capturing a lot of the mindshare" he believed "LLMs are a breakthrough in knowledge more than they are in productivity."