Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code

Goldman Sachs is experimenting with generative AI tools internally to help its developers automatically generate and test code, the company's chief information officer told CNBC. Marco Argenti, who joined Goldman as a partner from Amazon in 2019, said Tuesday that the firm's software engineers have been using the technology to automatically generate lines of code. It is currently in a "proof of concept" stage and not yet ready for production, he added. "Developers are already using some of the assisted coding technology," Argenti told CNBC's Arjun Kharpal at the Goldman Sachs technology symposium on Tuesday. Generative AI refers to a group of products that produce human-like text or images in response to written prompts from users.