Goldman Partner: Less AI Use, or You'll "Get Dumber"

Churchman, head of AI at Goldman Sachs, warns that over-reliance on AI could lead to "cognitive atrophy" among finance professionals, eroding their independent reasoning abilities. AI taking over entry-level foundational tasks is disrupting the traditional "apprenticeship" talent development path, potentially reducing demand for junior positions. Meanwhile, high-end financial operations impose stringent requirements on AI accuracy and auditability, with the system admitting in tests that it "excels at sounding rigorous rather than being truly rigorous," posing ongoing challenges to technology implementation.