According to Bloomberg, as reported by The Decoder, Goldman Sachs has stopped allowing traders and bankers to use AI coding tools such as Claude Code and GitHub Copilot, in accordance with internal rules from 10, leaving access only for engineers. These employees had used the tools for several months to monitor trading flows and generate content. Goldman Sachs spokesperson Nick Carcaterra stated that the reasons included "productivity and risk management" among other factors, noting that the experimental phase had ended and the tools would be reserved for "those who can use them best in the long term."
Confidence: Medium (60) · Event time 2026-11-02
Reasoning
- Just in 7, Goldman Sachs CIO Marco Argenti publicly praised "vibe coding" by non-technical employees: business personnel using AI to create prototypes, which were then handed over to engineers for deployment. This shift indicates that large financial institutions are beginning to scale back in the face of compliance and operational risks associated with "everyone writing code."
- For vendors selling coding agents to enterprises, this is a signal: non-engineer seats may be the first to be cut.
Usage
- None.
Risks
- The original Bloomberg article is behind a paywall and was not read by the editor; details come from The Decoder's summary. The specific scope of the internal rules and the number of affected employees have not been disclosed; "internal dissatisfaction" is a claim made in the report.