Building AI Systems for Capital Markets

To Goldman Sachs Exchanges. I'm Alison Nathan, and I'm here together with George Lee, who is the co head of the Goldman Sachs Global Institute. Together, we're hosting a series of episodes exploring the rise rise of AI and everything it could mean for companies, investors, and economies. George, great to see you again.

Good to see you.

So today, we're digging into another fascinating topic, what it takes to actually build products in the AI age, the ingredients, the challenges, and the approaches behind building solutions that first and foremost actually work, but also actually matter. And I really just wanted to first get your thoughts, George, because as we've discussed many times, you're talking to companies, firms, clients about these topics every day. How much real progress do you see being made here?

Well, I'm very excited for this discussion because in our prior sessions, spent a bunch of time talking about the foundational elements of AI, the infrastructural dimensions, and the topic of building applications in this environment, I think, is very timely and useful, and we have a great guest for that. Look, I think there are a lot of questions in the ecosystem about what is the perimeter of the foundational dimensions of this relative to the application part of this stack. So again, our guests will be able to untangle that for us in a really productive way.

All right, so let's bring in our guest. It is Chris Churchman. Chris is the head of Marquee, the firm's digital platform for institutional and corporate clients, and he's also co chair of the firm's Global Banking and Markets AI Working Group. So you're on the front lines, Chris, on all of these matters in terms of bringing new AI products to the market. So welcome to the show.

Thank you. Excited to be here.

Great. Well, Chris, let's start first by just giving our listeners a little bit of background on what Marquee is, your core mission is, and then let's talk a little bit about how you're starting to fold in some AI capabilities there.

Sure. Yeah. So excited for this conversation. Thanks for having me. So, Marquee is the firm's platform for institutional corporate clients. And is our help our clients make decisions under great uncertainty. So, we want to become an integral part of our clients' investment process. And so, as you think about layering in Gen AI capabilities into the platform, you can imagine what we've built. And maybe it's actually a better way to describe the platform is how we've layered in Gen AI capabilities because you've gotta start with the problem to be solved, not just, oh, let's use AI on that and th

Yeah. Let's just double click on that now because in your role and for this service as we ultimately extend it to clients, factuality, reliability, provenance is really important. Yeah. I know that's been a really hard part of the work you've been doing. Maybe just double click on that.