Goldman's Marco Argenti says AI turns developers into managers of managers

Goldman Sachs CIO Marco Argenti said the bank has entered a third phase of AI adoption focused on growth rather than cost savings. Developers now delegate work to AI agents and supervise them, with three-month projects finishing in two months.

• Goldman Sachs moved to a third AI phase focused on revenue growth
• AI is used by more than 12,000 of the bank's roughly 47,000 staff
• Three-month projects now finish in two months
• The bank applies zero trust and uses AI models to challenge each other