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Challenger, Gray & Christmas tracked 116,175 job cuts attributed to AI through August 2026 — 22% of all announced layoffs — with Goldman Sachs data showing entry-level hiring for young workers in AI-exposed roles down 19% from benchmark.
New Goldman Sachs research finds workers displaced by AI are 10 percentage points more likely to remain unemployed a year later — and those who do find work are increasingly landing in roles with equal or greater AI exposure.
Goldman Sachs has pulled advanced AI coding assistants from most of its workforce after an internal risk review — a significant counternarrative as rivals race to deploy AI broadly.
Goldman Sachs has restricted AI coding tools to engineers only, reversing a bank-wide rollout after compliance and model-risk concerns — a bellwether for how Wall Street treats agentic AI tools.
Goldman Sachs has banned traders and bankers from using Claude Code and GitHub Copilot after a risk review, restricting access to 12,000 engineers — one of the first major Wall Street rollbacks of broad AI tool access.
Goldman Sachs research finds workers displaced from AI-exposed roles take a full month longer to find new jobs — and are 10 percentage points more likely to remain unemployed a year later.
Goldman Sachs now considers energy infrastructure delays the most likely near-term constraint on AI growth, while PG&E argues AI grid-planning tools are already helping clear a 2,700 GW interconnection backlog.
Goldman Sachs forecasts up to 9% of the global workforce faces AI displacement — but argues mass layoffs will wait for the next economic downturn, when companies will execute cuts using automation infrastructure built during the current expansion.
The Searchlight Institute has published a revenue-neutral federal tax blueprint to fund enhanced unemployment insurance and retraining for workers displaced by AI, as Goldman Sachs estimates the technology is eliminating roughly 16,000 net U.S. jobs per month.
Mogul, built by former Goldman Sachs executives, raised $15.5 million from Draper Associates at a $125.5 million valuation to bring institutional-grade AI real estate analysis to individual investors.
AI isn't firing workers who have jobs—it's eliminating the positions they would have been hired into, with Goldman Sachs tracking 16,000 net U.S. job losses per month. Gen Z, concentrated in the white-collar roles that automate most easily, bears the heaviest cost.
AI has become the dominant strategic priority for bank CEOs at Goldman Sachs, Citi, Visa, and AIG — driven by autonomous agents, unresolved authorization questions, and Anthropic's 10 new financial agents in May.
Electric truck maker Harbinger acquired autonomous-driving startup Phantom AI, betting that combining EV powertrains with self-driving software positions it ahead of Goldman Sachs' projected 2028 cost-parity crossover.
Goldman Sachs Research projects autonomous trucks will undercut human-driven freight on cost-per-mile by 2028, falling from $8.60/mile today toward $2/mile by 2035 — backed by commercial revenue data from Aurora, Kodiak, Gatik, and Bot Auto.
Goldman Sachs projects autonomous trucks will undercut the all-in cost of human-driven freight by 2028 — a crossover point that reshapes the economics of the entire trucking industry.
Goldman Sachs projects AI will displace 6–7% of the U.S. workforce over 10 years — roughly 10 million workers — with white-collar earners under $80,000 most exposed.
Anthropic and OpenAI have each formed joint ventures with major asset managers — including Blackstone and Goldman Sachs — to distribute enterprise AI, marking a structural shift in how frontier labs reach large corporate customers.
Goldman Sachs has blocked Hong Kong employees from using Anthropic's Claude — both directly and through internal AI platforms — citing its contractual arrangement with Anthropic, not local regulation.
Goldman Sachs calculates AI is eliminating 16,000 U.S. jobs per month, with Gen Z workers bearing the brunt as AI automates the entry-level white-collar roles they depend on.
Goldman Sachs found AI directly responsible for 16,000 U.S. job eliminations per month, with Gen Z workers concentrated in the white-collar roles hit hardest.