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first_img Goldman Sachs restricts traders and bankers from using certain AI programming tools

According to Bloomberg, Goldman Sachs has restricted most employees from using advanced AI tools aimed at programming after evaluating production efficiency and risk management, leading to dissatisfaction among some employees. Internal guidelines were updated in October, and bankers had previously been able to use Anthropic's Claude Code and Microsoft's GitHub for several months, but the scope of these tools has now been narrowed to engineers.Sources say that some traders had used these tools to accelerate monitoring of client trading flows, modeling market changes and positions, as well as creating text and graphic content, and this restriction has left them feeling dissatisfied. Goldman Sachs' Chief Information Officer Marco Argenti stated in July that non-technical personnel such as traders and bankers had developed solutions using AI tools, which were then handed over to the company's approximately 12,000 engineers for improvement.Goldman Sachs spokesperson Nick Carcaterra stated that the company provides employees with certain AI tools to determine applicable scenarios in different businesses; after evaluating factors such as production efficiency and risk management during the trial period, the tools will be given to the most suitable personnel for long-term use. Additionally, sources indicated that the latest directive does not apply to strats who are simultaneously engaged in trading, quantitative research, and software engineering. Earlier this year, Goldman Sachs also restricted employees in Hong Kong from using Anthropic's Claude.

Famous trader: Bitcoin is at a local bottom, with a target still at $94,000

Renowned trader Doctor Profit stated that he has completed long positions in Bitcoin within the range of $80,000 to $81,000, with an average entry price of $80,400, and his target remains at $94,000. He continues to hold Bitcoin spot with an average cost between $60,000 and $64,000, believing that the range of $80,000 to $81,000, extending down to $79,000, represents an accumulation zone and a local bottom.Doctor Profit mentioned that the demand for spot in this area is stronger, and long positions are gradually being established, while most retail sentiment is bearish. Regarding institutional holdings, he stated that the average buy-in cost for Bitcoin reserves is about $80,200, and the average buy-in cost for reserves and U.S. spot ETFs is roughly between $80,000 and $81,500. He also noted that as of October 20, spot buy orders around $80,000 on Binance have been re-accumulated, with the profit-taking speed reduced to about half of the peak in September.He assesses that recent selling pressure mainly comes from retail investors, futures shorts, and some short-term holders, while medium to long-term holders who bought in the range of $60,000 to $70,000 still tend to hold their positions. Technically, he hopes Bitcoin can regain the 50-day exponential moving average and close above it on a daily basis, but he stated that even if this is not achieved temporarily, it does not change his judgment on the local bottom. He also reminded to pay attention to the Federal Reserve's interest rate decision on October 28.
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