Goldman Sachs is tapping Anthropic's AI model to automate accounting, compliance roles

Core Insights - Goldman Sachs is collaborating with AI startup Anthropic to develop AI agents aimed at automating various roles within the bank, specifically in trade accounting and client onboarding [1][2] - The development of these agents is in the early stages, with expectations to significantly reduce the time required for these essential functions [2] - CEO David Solomon announced a multi-year plan to reorganize the bank around generative AI, while also aiming to limit headcount growth despite increasing revenues from trading and advisory services [3] Company Developments - Goldman Sachs has embedded engineers from Anthropic to co-develop autonomous agents for specific banking functions [1] - The AI agents are envisioned as digital co-workers for complex and process-intensive roles within the firm [2] - The bank's strategy reflects a broader trend in the investment banking sector, where firms are adapting to advancements in AI technology [3] Market Context - The announcement comes amid significant updates from Anthropic, which have influenced market dynamics, leading to selloffs among software firms and their credit providers [4]