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☆ What does Goldman Sachs want in a coder? For them to have studied philosophy
▼ + stars: | 2024-04-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Read previewArtificial intelligence is redefining what it takes to be a software engineer on Wall Street. A typical software developer holds a computer science degree. Goldman Sachs' chief information officer, Marco Argenti, recently encouraged his daughter, a college student, to concentrate her education on philosophy if she wants to pursue a career in engineering. AdvertisementZafar said he's paying more attention to people with "a computer science degree and an English minor," or "a psychology major and a computer science minor." Advertisement"That software engineer might get replaced by a sort of prompt engineer," Vyas said.

Persons: —, Goldman Sachs, Marco Argenti, Argenti, he's, it's, Citi's, Shadman Zafar, Zafar, Jensen Huang, Ken Griffin, Deepali Vyas, Korn, Vyas Organizations: Service, Wall, Business, Harvard, Amazon Web Services, Nvidia, World, Citadel Locations: Dubai

☆ Boeing's top management team and board 'need to be completely rethought': Dartmouth's Paul Argenti
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBoeing's top management team and board 'need to be completely rethought': Dartmouth's Paul ArgentiPaul Argenti, professor of corporate communication at Dartmouth’s Tuck School of Business, joins 'Squawk Box' to discuss Boeing's management shake-up, news of CEO Dave Calhoun stepping down at the end of the year, what's next for the company, and more.

Persons: Paul Argenti Paul Argenti, Dave Calhoun, what's Organizations: Dartmouth’s Tuck School of Business

☆ Why Stephanie Cohen is leaving Goldman Sachs. The Wall Street veteran opens up about her new move to 'help build a better internet.'
▼ + stars: | 2024-03-18 | by ( Bianca Chan | ) www.businessinsider.com time to read: +11 min

Cohen, 46, will join Cloudflare, a San Francisco-based technology company aimed at helping businesses improve their internet security and performance. It will be a familiar role, as she served as Goldman's strategy chief from 2018 to 2020. Having spent 20 years inking deals within Goldman Sachs' investment banking unit, Cohen is no stranger to the boardroom. "But the reality is, Goldman Sachs is not a technology firm," Cohen said. When she broke the news to Argenti, he told her, 'This is exactly what you should do… this is exactly the right company," Cohen recalled.

Persons: Stephanie Cohen, Cohen, " Cohen, David Solomon, Goldman, Beth Hammack, Cloudflare, Solomon, John Waldron, Matthew Prince, Michelle Zatlyn, Goldman Sachs, it'll, Lloyd Blankfein, Brendan McDermid, Reuters Cohen, they're, I, Stephanie, Prince, she'll, Marco Argenti Organizations: Business, Cloudflare, IBM, University of Illinois, Goldman, Reuters, Financial Times Locations: San Francisco, Utah, Urbana, Champaign

☆ Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
▼ + stars: | 2024-03-14 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016. Morgan Stanley promoted a tech executive in its wealth management division to become the bank's first head of firm-wide artificial intelligence, CNBC has learned. Last year, Morgan Stanley became the first major Wall Street firm to create a solution for employees based on OpenAI's GPT-4, a project overseen by McMillan. While Wall Street firms broadly pared back jobs last year, they competed to fill thousands of AI positions, poaching employees from one another. Read the full Morgan Stanley memo announcing McMillan's new role:

Persons: Morgan Stanley, Jeff McMillan, Andy Saperstein, Dan Simkowitz, McMillan, Teresa Heitsenrether, Goldman Sachs, Marco Argenti Organizations: company's, CNBC, Wall, JPMorgan Locations: New York, U.S, York

☆ Meet the Man Behind Litquidity, the Anonymous Instagram Account Dominating Wall Street
▼ + stars: | 2024-02-07 | by ( Reed Alexander | Hayley Cuccinello | ) www.businessinsider.com time to read: +26 min

The deck kicked off a game of one-upmanship among Wall Street banks trying to keep their employees happy. Lit capitalized on poking fun at Wall Street culture, selling $35 dad hats that read, "Do You Know Who My Father Is?" There have, of course, been endless rumors about Lit's identity, especially among Wall Street underlings. Wall Street underlings have speculated about Litquidity's identity for years. Basak, one attendee said, wanted to take a "wrecking ball through it all" and hold Wall Street heavy hitters accountable.

Persons: Goldman Sachs, I've, David Solomon, Litquidity, Goldman, Solomon, Evercore, Michael Kovac, Lit, Warburg Pincus, Jamie Dimon, Jamie Dimon's, Banksy, Bennett Jordan, who've, Lit's, — Mark Moran, —, Jefferies, Richard Handler, Spencer Platt, Isaac Laifer, Laifer, Handler, We'd, Henry, Hank, Medina, He's, he's, Jefferies Medina, Bart P, Fuchs, Karl Smith, Mark Moran, Moran, Bloomberg he'd, Zack DeZon, Getty Images Moran, Brian Hanly, Hanly, Sonali Basak, Angela Weiss, cryptocurrency, we'll, Mark, Medina's, weren't, CoinFLEX, Litquidity doesn't, Dave Portnoy, wasn't, Medina Ayden Syal, Kyle Zappitell, Zappitell, he'd, hasn't, Bennett Jordan —, Craig Sjodin, Litney, Paul Argenti, Wall Organizations: Goldman, New York Times, CNBC, Business, Bloomberg, Metropolitan Club of New, Nomura, Citigroup, Financial Times, Litney Partners, Whitney Partners, BI, ESPN, Litquidity, Centerview Partners, New York, Getty, Bain Capital, Litquidity Venture Partners, SEC, Cornell University, Wexford Capital —, Deutsche Bank, Deutsche, CFA, Getty Images, Bullish, Vice, Wall Street, Litquidity's, Manhattan's Rue, Fox Business, Litquidity Ventures, Coatue Management, SAFE, Soho House, Dartmouth University Locations: New York, Tribeca, Metropolitan Club of New York, Instagram, San Francisco, Medina, New York City, Miami, NoHo, Chad, Connecticut, Litquidity, Linktree, Soho

☆ From Goldman to Bridgewater, here's everything we know about how Wall Street is embracing AI
▼ + stars: | 2024-01-29 | by ( Bianca Chan | Michelle Abrego | ) www.businessinsider.com time to read: +5 min

Once ChatGPT hit the scene at the end of 2022, Wall Street ramped up its efforts in AI. Here is what we know about how Wall Street is embracing AI:AdvertisementBanks accelerated their AI research and use cases due to the rise of ChatGPTWe identified 17 of the top AI executives and technologists to know at the country's biggest banks. Large language models, the form of AI behind ChatGPT, could transform how Wall Street does business. As financial firms' AI strategies come into focus, they're hiring more technologists with specialized skills. For those who want to land an AI job on Wall Street, here's everything you need to know about how tech skills and roles are changing.

Persons: ChatGPT, —, Banks, Jamie Dimon, Dimon, Goldman Sachs, Marco Argenti, Dimitris Tsementzis, aren't, Bridgewater, Charlie Flanagan, Tim Mace, AllianceBernstein, Andrew Chin Organizations: JPMorgan, Man, Service, fintech, Deutsche Bank, fund's AIA, Management Locations: dealmaking, Swedish

☆ A CEO resigned after making remarks on Israel. He's a case study in failing to read the room.
▼ + stars: | 2023-10-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Web Summit's CEO quit after appearing to accuse Israel of "war crimes," triggering backlash online. In his first post on the subject, Cosgrave seemed to accuse Israel of war crimes. "War crimes are war crimes even when committed by allies, and should be called out for what they are." Proceed with cautionMany of the high-profile CEOs who have commented on the conflict so far have explicitly condemned Hamas and supported Israel. "If you have no connection to Israel, what is the point in mouthing off about political issues now?"

Persons: Execs, Israel, —, Paddy Cosgrave, Cosgrave, I'm, Ireland's, Bill Kissane, Google's, Paul Argenti, Argenti Organizations: Service, Intel, Web, The London School of Economics, Political, Britain, Palestinian Liberation Organization, Web Summit, Google, Microsoft, Siemens, Israel, Tuck School of Business Locations: Israel, Lisbon, Ireland, Northern Ireland, mouthing

☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
▼ + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.

Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT

☆ Target is being held hostage by an anti-LGBTQ campaign
▼ + stars: | 2023-05-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

New York CNN —During every Pride Month in June for the past decade, Target has sold merchandise for LGBTQ customers, employees and allies. But this year, Target faced an anti-LGBTQ campaign that went viral on social media. Fueled by far-right personalities and on social media platforms, the anti-trans campaign spread misleading information about the company’s Pride Month products and its business practices. It won’t be worth whatever they think they’ll gain.”The campaign became hostile, with threats levied against Target employees and instances of damaged products and displays in stores. Meeting demandTarget became the focus of the anti-LGBTQ campaign’s ire for its Pride Month merchandise, but the campaign misrepresented Target’s ambitions.

Persons: ”, Matt Walsh, Kelley Robinson, Bud Light, Yoram, “ It’s, Brian Cornell, Fortune, Erik Carnell, ” Target, Gavin Newsom, Sarah Kate Ellis, Tim Calkins, Ron DeSantis, “, Paul Argenti Organizations: New, New York CNN, Target, Twitter, Human Rights, Pride, University of Pennsylvania’s Wharton School, Gallup, ”, Wall Street Journal, GLAAD, Northwestern University’s Kellogg School of Management, Companies, Nike, Disney, Florida Gov, Los Angeles Dodgers, Dodger, Dartmouth University’s Tuck School of Business Locations: New York, California, statehouses

☆ Remaining silent on social issues 'no longer an option' for businesses: Dartmouth's Paul Argenti
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRemaining silent on social issues 'no longer an option' for businesses: Dartmouth's Paul ArgentiPaul Argenti, Dartmouth’s Tuck School of Business Professor of Corporate Communication, joins 'Squawk Box' to discuss the decisions corporations face when debating whether to take a stand on social issues.

☆ Thanks for the memories (and money) index-rebalance strategies
▼ + stars: | 2023-05-12 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. Index-rebalance strategies, the talk of the town just a few short years ago, are seemingly on their last legs these days. What doomed the index-rebalance strategy is a tale as old as time on Wall Street. Times are tough now, but as Alex notes in his story, not everyone is completely giving up on the strategy. And while we're talking Man Group, here's a rundown on a program meant to help non-tech workers learn data-science skills to help streamline their jobs.

☆ Goldman Sachs CIO says it's important to decide who in a firm to 'superhumanize' with AI technology
▼ + stars: | 2023-05-11 | by ( Paige Hagy | ) www.businessinsider.com time to read: +3 min

Goldman Sachs' Marco Argenti told a conference how he assesses AI's return on investment. Firms can use AI to "superhumanize" talent, Argenti said. The top financial services firms, like Goldman Sachs, are looking to use artificial intelligence to "superhumanize" their talent. Generative artificial-intelligence will enhance productivity and efficiency across financial services, according to Marco Argenti, chief information officer at Goldman Sachs. Within Goldman Sachs, Argenti said the bank is looking to apply generative AI to data management, data classification, and workflow creation.

☆ Wall Street is empowering its employees to build their own tech tools. But who is keeping track of all this stuff?
▼ + stars: | 2023-05-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A story about training non-tech workers that has nothing to do with ChatGPT? Man Group, a $144 billion investment firm, has a popular training program to get non-tech workers up to speed on coding and data-science. Programs like <develop>, along with the rise of ChatGPT, speak to a wider trend across Wall Street of enabling employees to build their own tools despite not having a background in tech. Empowering people to build their own tools and apps to streamline their work seems great on paper. Read more about how Man Group teaches non-tech workers programming skills that help them save time.

☆ Bank of America's top information-security exec is taking on a brand-new role at the bank focused on the developer experience
▼ + stars: | 2023-05-03 | by ( Bianca Chan | Carter Johnson | ) www.businessinsider.com time to read: +3 min

Kristopher Fador is Bank of America's new chief information security officer, succeeding Froelich. Craig Froelich is taking the helm as the chief information officer of architecture, developer experience, and policy, a newly created role at Bank of America. Froelich previously served as chief information security officer for the nation's second-largest bank, a role he held for more than eight years. He also spent time in Hong Kong for BofA, leading regional information security teams, according to his LinkedIn. At Goldman Sachs, for example, CIO Marco Argenti has made developer experience a key focus of his strategy.

☆ Goldman Sachs CIO Tests Generative AI
▼ + stars: | 2023-05-02 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

Goldman Sachs has a number of generative AI proof of concepts in place. Photo: Brendan McDermid/REUTERSThe pace of new developments in artificial intelligence came faster than expected for corporate technology leaders. Many have spent the past few months grappling with how and where they can leverage the new capabilities of generative AI and large language models, or LLMs, from categorizing reams of business documents to writing code. “The technology is changing so fast in front of our eyes that I think it’s almost like the limit is ourselves and being able to rationalize it,” said Marco Argenti, chief information officer of Goldman Sachs Group Inc.

☆ Where is Goldman Sachs' David Solomon going on those private jets?
▼ + stars: | 2023-04-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Insider's Dakin Campbell compiled flight data on Goldman Sachs' two private planes from the beginning of 2022 through March of this year. Much of the focus on Goldman's jets, as Insider has previously reported, has been Solomon's personal use of them. If Goldman and Solomon are playing by the rules, why does it matter? And while I've written before about corporate jets being the scapegoat for excessive spending, that was moreso regarding business travel. Click here for all the details on where Goldman's two private planes have flown since 2022.

☆ Why Corporate America has grown silent on gun violence
▼ + stars: | 2023-03-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Their efforts to curb gun violence have run into fierce pushback from Republican lawmakers that oppose both gun restrictions and corporations taking on social roles. Gun safety advocates say businesses have a civic responsibility to keep their customers and employees safe from gun violence. “Whether you’re a business that works directly with gun manufacturers, sells guns or are a grocery store, gun violence comes to your front door,” he said. “I’m not arguing they need to solve the social issue of gun violence,” Volksy said. “I am arguing they have a business incentive to solve for the cost of gun violence.”

☆ Goldman Sachs isn't getting a new private jet, but are there better places to cut costs on Wall Street?
▼ + stars: | 2023-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

If there is a senior Goldman Sachs' executive in your life, please keep them in your thoughts and prayers. Insider's Dakin Campbell has the scoop on Goldman nixing plans to buy a third corporate aircraft under CEO David Solomon. So as the bank has looked to cut costs this year more broadly, the private jets, naturally, were a topic of discussion. I will say, I think corporate jets have been unfairly labeled as the poster child for excessive spending at the corporate level. Now, regional banks are looking to serve the firms looking for a new banking home, per The Wall Street Journal.

☆ Goldman Sachs is exploring use cases for large language models, the same AI fueling ChatGPT. Here's 3 areas where the bank is experimenting with the tech.
▼ + stars: | 2023-03-27 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Large language models, the form of AI behind ChatGPT, could transform how Wall Street does business. With advances in generative AI and large language models, the realm of possibilities have been blown way open. Argenti and Tsementzis outlined three ways Goldman is experimenting with large language models. Summarizing and extracting data from documentsGoldman's document-management process stands to improve from the use of generative AI, Argenti said. Helping engineers parse through code documentationA big time suck for software engineers is figuring out other peoples' code, Argenti said.

☆ Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code
▼ + stars: | 2023-03-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Goldman Sachs is experimenting with generative AI tools internally to help its developers automatically generate and test code, the company's chief information officer told CNBC. "Developers are already using some of the assisted coding technology," Argenti told CNBC's Arjun Kharpal at the Goldman Sachs technology symposium on Tuesday. Generative AI refers to a group of products that produce human-like text or images in response to written prompts from users. Goldmans' interest in generative AI products comes despite pushback from some banking giants on the use of ChatGPT internally. In some cases, developers have been able to write as much as 40% of their code automatically using generative AI, he said.

☆ Goldman Sachs' David Solomon is distracted, says Dartmouth Professor Paul Argenti
▼ + stars: | 2023-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' David Solomon is distracted, says Dartmouth Professor Paul ArgentiPaul Argenti, professor of corporate communication at Dartmouth's Tuck School of Business, joins 'Power Lunch' to discuss David Solomon's comments about Goldman Sachs' performance, Goldman's credibility crisis and the need for additional transparency.

☆ Banks vs. Fintechs: Why all the billions in the world can't help Wall Street crush its digital rivals
▼ + stars: | 2023-01-05 | by ( Bianca Chan | Reed Alexander | ) www.businessinsider.com time to read: +15 min

To compete, banks have written fat checks to acquire fintechs — tech, talent, and all. But on Wall Street, old habits die hard, and Goldman has struggled to make Marcus, a big fintech bet, a success. Since the beginning of the pandemic, Wall Street leaders have been at the helm of a push to get their employees back to their desks. It's more that the very things that make Wall Street, well, Wall Street are preventing it from embracing the ethos of Silicon Valley. And perhaps, for Wall Street, that's the moral of the story.

☆ Inside the lives of some of the most powerful people on Wall Street
▼ + stars: | 2022-12-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

We're highlighting profiles we've done of some of the most powerful people on Wall Street. They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street. Gregg Lemkau was considered a future CEO candidate at Goldman Sachs before he shocked Wall Street by leaving for Michael Dell's investment firm in 2020. Soft-spoken types can sometimes get bulldozed on Wall Street, where so-called alphas often reign supreme. Inside his strategy for turning Goldman into the Amazon of Wall Street.

☆ Public-cloud providers are reimagining themselves as consultants. Here's how AWS, Azure and Google Cloud are helping finance firms use the tech to rethink their business.
▼ + stars: | 2022-11-29 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

In turn, public-cloud providers are reimagining themselves as business consultants. Wall Street firms are embracing the cloud for everything from research to risk and marketing. Cloud providers are building teams to interface with execsFinancial firms making the jump to the cloud are thinking beyond their IT divisions. Some of the largest Wall Street shops are taking the opportunity to rethink how they run their businesses entirely. Wall Street uses cloud to hit the reset buttonSelipsky's comments ring true on Wall Street, where cloud projects can have firm-wide ripple effects.

☆ Goldman Sachs Embeds Software Developers Deeper Into the Business
▼ + stars: | 2022-10-19 | by ( Katie Deighton | ) www.wsj.com time to read: +4 min

PREVIEWHistorically, developers were asking “how” questions, Mr. Argenti said Wednesday during an online Wall Street Journal CIO Network members event. Mr. Argenti joined Goldman in 2019 as co-CIO after serving as vice president of technology at Amazon Web Services. Developers have only gained more power in business since then, Mr. Argenti said. “It’s kind of an evolution…to really manage the customer as one, no matter how many touch points they have within Goldman Sachs, ” Mr. Argenti said. The process can help developers feel more empowered and has led to higher retention rates, Mr Argenti said.

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