In the news today: Goldman Sachs is BANNING AI usage for the majority of the staff! This is according to Bloomberg 11/3/26 and includes direct quotes from their official spokesman.
Wow. Is this why it really truly feels like BNY has slowed the AI mania there last few months?
Anyone surprised? Ask Eliza the same question, on the same day, and you'll get several different answers. Guess work, reliably unreliable.
@aa Speaking of drafting emails, don't they use CoPilot for that? Just asking.
Glad the reckoning is coming swiftly- all we can do at this point is hope the recession is survivable
The true ‘AI’ is not being banned at BNY.
A-dding I-ndia will only ramp up more and more
Back in July or August 2026, I was speaking to a Director from Conventional Trust Operations and they had mentioned that BNY AI bootcamps and usage of AI were for select individuals in their department.
Event though BNY has / had a pro AI internal marketing scheme, not all employees carry the investment.
Hot topic here. I saw that article and had to reread it- shocking. It doesn't mean AI won't keep getting more advanced and take over jobs. It just means AI companies have started charging more and by usage so its now more cost efficient to only give it to the people who can make real use of it rather than people who just use it to draft emails—-you know: everyone but the IT people and engineers. ;)
My new company - I left BNY in 2023-pushed it then took it away from most of the staff. Saw that coming a mile off. It creates so many errors and headaches, especially for non-engineers.
data engineer here. it's just a tool. not magic. engineers who blindly trust AI or haven't learned how to leverage it to increase delivery speeds are the ones being let go right now.
the tool is only as good as the person behind the keyboard.
also, I am sick of the AI obsession and psychosis...but there are AI usage metrics tied to my employment now...so there's that
As someone who works in finance (former BNY employee here) these people do not want AI touching their money. You can use AI tools for models but not actually putting into it actual financial information. Plus AI is horrible with numbers. It just makes stuff up and it’s terribly inaccurate.
this is happening everywhere. token maxing is over. Bankers also know it’s bad for training people for the future. i was in a room of execs recently who predicted this. boards are realizing there isn’t ROI, and there is going to be a massive budget reckoning. I work for a fortune 20 company and AI has created laziness and complacency. Everyone produces AI docs and everyone replies to the AI doc with an AI response. It is a circular AI mess with no thought or understanding.
Funny to see y'all thinking AI is going away. Fossils businesses will be replaced by AI native businesses and you'll be left behind.
Everyone’s realizing employees are putting potentially confidential information into AI and big corps can’t have that 😅 Look at the recent scandal about AI creating thousands of fake accounts!
Canadian big banks have now blocked AI. They will not be investing in it either. They see the threat.
This is truly major news. I saw several videos about this, as well. This must be why the third part of that stupid AI test (where they wanted six pages of some program written out!) went away and there are no more AI meetings or hype. In fact, come to think of it, no one uses a specially/made AI program they wanted is all to use.