00:00It's Benzinga bringing Wall Street to Main Street.
00:02A Goldman Sachs partner warned that Wall Street's growing use of artificial intelligence
00:07could weaken the reasoning skills of future bankers and traders, according to CNBC.
00:12Chris Churchman, who leads Goldman's Marquee Platform,
00:15made the comments on the latest episode of the firm's exchanges.
00:18He said that firms risk outsourcing too much analytical work to AI
00:23and eroding the apprenticeship process that helps junior employees develop judgment.
00:28He said banks need to balance automation with opportunities for employees to learn through experience
00:33and make high-stakes decisions themselves.
00:36Churchman also discussed Goldman's work integrating AI into Marquee.
00:40He said,
00:41One of the biggest challenges is ensuring AI-generated answers are fully factual and auditable
00:46because financial institutions have little tolerance for errors.
00:50For all things money, visit Benzinga.com.
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