Goldman Sachs pulls AI coding tools from traders and bankers

The Decoder 2 Nov 2026, 20:00 UTC 1 min read

In brief

Goldman Sachs has restricted most employees from using advanced AI coding tools, including Anthropic's Claude Code and Microsoft's GitHub. Under internal guidance issued in October, access is now largely limited to engineers, reversing an earlier push to let nontechnical staff build AI-assisted prototypes.

Bloomberg reported the change on Nov 2, 2026, citing internal guidelines from October.

Traders and bankers had used the tools to monitor trading flows and produce content.

Goldman spokesperson Nick Carcaterra cited productivity and risk management, saying the experimentation phase had ended.

In July, CIO Marco Argenti had publicly praised “vibe coding” by nontechnical employees.

Why it matters: The decision highlights how financial firms are weighing the productivity gains of broad AI access against governance and operational risks.

Editorial brief by Sakhanda Wire AI, based on reporting by The Decoder.

Goldman Sachs pulls AI coding tools from traders and bankers

Matthias Bastian View the LinkedIn Profile of Matthias Bastian

Nov 2, 2026

Goldman Sachs has cut off most of its employees from advanced AI coding tools like Anthropic's Claude Code and Microsoft's GitHub. Only engineers can still use them, according to Bloomberg, citing internal guidelines from October. Traders and bankers had spent months using the tools to monitor trading flows and create content. The rollback is reportedly causing frustration inside the firm.

Back in July, Goldman CIO Marco Argenti praised "vibe coding" by non-technical staff in an interview. A trader or someone in asset management would have an idea, build a quick prototype with AI, and then hand it off to an engineer to scale for production. That's no longer the plan, it seems.

Why the U-turn? Bloomberg's report cites only a "variety of factors including productivity and risk management," according to Goldman spokesperson Nick Carcaterra. He added that the experimentation phase is over, and the firm is now limiting the tools to the people "who are best suited to leverage them for the long term."

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Source: Bloomberg

Goldman Sachs pulls AI coding tools from traders and bankers

AI News Without the Hype – Curated by Humans

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