Goldman is testing an autonomous software engineer from artificial intelligence startup Cognition that is expected to soon join the ranks of the firm's 12,000 human developers, Goldman tech chief Marco Argenti told CNBC. The program, named Devin, became known in technology circles last year with Cognition's claim that it had created the world's first AI software engineer.
Goldman Sachs appointed Ben Wallace as co-head of Mergers and Acquisitions division in the Americas on Thursday, according to an internal memo seen by Reuters.
As earnings season kicks off for US banks, UBS analysts believe investors should look beyond the headline results for the second quarter and instead concentrate on the back half of the year. “Outlook matters more than results,” the analysts wrote in a note, noting that no major fireworks are expected.
HSBC handed out a round of bank downgrades this morning, cutting JPMorgan Chase & Co (NYSE:JPM) and Goldman Sachs Group Inc (NYSE:GS) to "reduce" from "hold," and Bank of America Corp (NYSE:BAC) shares to "hold" from "buy.
Goldman Sachs Group Inc (NYSE:GS, ETR:GOS) has appointed former Prime Minister Rishi Sunak as a senior adviser, bringing a seasoned policymaker onto its team amid growing geopolitical and regulatory challenges. This marks a return for Sunak to Goldman, where he began his career as an intern and analyst in the early 2000s.
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