Goldman Sachs CEO says that AI can draft 95% of an IPO prospectus in minutes
It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.
AI is doing 95% of the work on an IPO prospectus, Goldman Sachs CEO says
The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.
David Solomon scores an $80 million bonus. Doubt surrounded his tenure at Goldman Sachs as recently as 2023.
Wall Street investment bank, whose stock price hit a record high this week, awards CEO Solomon a stock bonus set to vest in ...
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AI Can Do IPO Filing Work In Minutes, Earlier Used To Take 6 Employees 2 Weeks: Goldman Sachs CEO
It's already becoming clear how AI will impact coding, law and medicine, but it turns out it'll impact investment banking as well. Goldman Sachs has said that it's using AI to create paperwork for IPO ...