How to Build AI Systems for Capital Markets

Chris Churchman, Head of Goldman Sachs Marquee and co-chair of the Global Banking & Markets AI Task Force, discussed approaches to building AI products for institutional investors on the Goldman Sachs Exchanges podcast. He noted that institutional-grade financial AI products require an auditable traceability framework to avoid hallucinations, and developers should focus on elements such as proprietary enterprise data that models cannot learn natively, reconstructing workflows from first principles rather than simply automating legacy bottlenecks. He emphasized that AI systems should augment human reasoning rather than outsourcing critical thinking to machines.