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Major U.S. banks disclosed plans this week to limit hiring and restructure operations around artificial intelligence, marking a shift in Wall Street employment practices even as firms report record profits. JPMorgan Chase and Goldman Sachs announced they would constrain workforce growth while deploy

Global banks invested in 345 blockchain-related projects between 2020 and 2024, with major institutions like JP Morgan and Goldman Sachs leading aggressive early-stage funding rounds that signal blockchain's evolution from experimental technology to strategic financial infrastructure, according to a

Goldman Sachs and Bank of New York Mellon have developed a system allowing institutional investors to purchase tokenized money market funds, marking a significant advancement in the digitization of the $7.1 trillion money market industry. The initiative enables BNY clients to invest in money market

Ethereum's market capitalization reached $461.49 billion on July 20, surpassing the combined value of banking giants Goldman Sachs and Bank of China as the cryptocurrency surged to $3,810. The milestone marks a significant achievement for the world's second-largest cryptocurrency, though analysts ar

Goldman Sachs is testing an autonomous software engineer from artificial intelligence startup Cognition that will soon join the investment bank's 12,000 human developers, according to the firm's technology chief Marco Argenti. The program, called Devin, represents a significant milestone in Wall Str