Everything Marco Argenti said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Argenti: Regulatory controls ultimately accelerate long-term innovation velocity
“Regulation and other controls are actually very important for sustained speed of innovation. So you might be slow at the beginning, but then eventually you'll gain velocity.”
Goldman Sachs sees 10% to 40% AI developer productivity gains
“And we're seeing the developer productivity go up, you know, can be anywhere from 10 to 40%, depending on the developer, depending on the use case, which is massive, even if it stays at 10%.”
Argenti: Enterprise AI will combine proprietary reasoning with specialized internal models
“And I think the same is going to be with AI, where you're going to have a reliance on, You know, large proprietary models, mostly for the reasoning capabilities, almost like, you know, I really want to understand what you're asking. And then kind of they will …”
Argenti: All corporate leaders must understand developer mindsets
“And I think also today, given the importance of developers I think it's also a responsibility of a leader, not only a technologist to try to really understand what developers are thinking and what they want.”
Argenti: Pitching client technologists is as critical as pitching executives
“Like for example, some of the hedge funds or some of the quant funds, as you know, I mean, you know, it really, really well that, you know, we're talking to the technologist is just as important as talking to the business people.”
Argenti: Goldman Sachs looks outside for software before building internally
“So at the very beginning, we kind of introduced our digital strategy tenants if you remember, and one of them was look outside first before you build.”
Argenti: AI removes knowledge barriers like printing press removed physical ones
“Compare the invention of AI to the invention of the printing press in a way that it removed a major barrier. First one was a physical barrier. This one is a knowledge barrier.”
Goldman Sachs selected 15 to 19 AI use cases for pilots
“So we have set up you know, a working group or a committee that kind of reviews all the ideas when we selected out of hundreds idea of ideas, we've selected about 15 or 19 actually at this point that we're kind of, you know, at different phases of piloting.”
Argenti: AI will accelerate real-time financial operations and complex modeling
“You know, you need to go through front to back extremely quickly that, and so all that, I think this shift towards more of a real time business is something that AI definitely will accelerate the ability to have very complex models of the world and of the econ…”
Argenti: Large proprietary AI models lead in reasoning capabilities
“Probably nobody beats those large models with regards to actually reasoning capabilities.”
Argenti: 1990s startup launched online store before Amazon
“One of the very first online stores. In fact, we launched a little bit before Amazon”
Argenti: Nokia's Ovi Store reached 70 million daily downloads
“We were doing something like seventy million downloads a day or something like that.”
Goldman Sachs operates roughly 10 core enterprise developer platforms
“Now again, fast forwarding, we have about 10 of them firm wide, like, there are heavily adopted like cloud platform, the data platform, or the identity and access management platforms the API platform, mobile platform, and so forth that developers can just bui…”
Argenti: Goldman Sachs builds compliance scaffolding around open-source software
“And so many, in many cases, you know like we decide to use a vendor or we decide to use open source, and then we build a kind of, you know, like, let's say a scaffolding around it to make sure that A, it integrates with our systems and with our data and B, you…”