logo
Goldman Sachs Tells Job Seekers To Ditch AI But Uses It To Evaluate Them

Goldman Sachs Tells Job Seekers To Ditch AI But Uses It To Evaluate Them

NDTV13-06-2025

Goldman Sachs has warned job applicants against using artificial intelligence (AI) during the interview process. The American investment bank's recruitment team sent out an email to prospective job seekers, reminding them of its expectations for interviews. The applicants are encouraged to study the firm's financial results, business principles and core values, but not rely on AI to bail them out, according to a report in Fortune.
"As a reminder, Goldman Sachs prohibits the use of any external sources, including ChatGPT or Google search engine, during the interview process," read the email.
While Goldman has warned against AI use, it utilises HireVue, an AI-powered talent evaluation platform, that asks behavioural questions that reveal applicants' skills. A typical virtual interview allows for 30 seconds of prep after the question, followed by a two-minute response time.
"This language is consistent with what we send to any of our campus applicants across all positions. We want to hear from our applicants in their own voice," said Jennifer Zuccarelli, the bank's spokesperson.
Goldman Sachs is not the only company to dissaude its applicants from using the technology. AI giant Anthropic last month told job-seekers that they can't use the advanced technology to ace the interview process.
"Please do not use AI assistants during the application process. We want to understand your personal interest in Anthropic without mediation through an AI system, and we also want to evaluate your non-AI-assisted communication skills," Anthropic wrote in the job descriptions.
While companies force applicants to avoid AI use, they have been moving rapidly to integrate AI into their operations. Last year, Goldman Sachs' tech chief, Marco Argenti claimed that in about three years, almost 100 per cent of Goldman's global workforce would interact with AI while doing their jobs.
In the most recent earnings call, CEO David Solomon told the shareholders that he was expecting big things from AI and that it will "transform our earning capabitilities" and "modernise our technology stack".
The company has already rolled out multiple AI-powered tools for about 10,000 workers of its over 46,000-person global workforce. It is planning to expand the use of AI to all employees by the year's end.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Algebra, philosophy and…: These AI chatbot queries cause most harm to environment, study claims
Algebra, philosophy and…: These AI chatbot queries cause most harm to environment, study claims

Time of India

time31 minutes ago

  • Time of India

Algebra, philosophy and…: These AI chatbot queries cause most harm to environment, study claims

Representative Image Queries demanding complex reasoning from AI chatbots, such as those related to abstract algebra or philosophy, generate significantly more carbon emissions than simpler questions, a new study reveals. These high-level computational tasks can produce up to six times more emissions than straightforward inquiries like basic history questions. A study conducted by researchers at Germany's Hochschule München University of Applied Sciences, published in the journal Frontiers (seen by The Independent), found that the energy consumption and subsequent carbon dioxide emissions of large language models (LLMs) like OpenAI's ChatGPT vary based on the chatbot, user, and subject matter. An analysis of 14 different AI models consistently showed that questions requiring extensive logical thought and reasoning led to higher emissions. To mitigate their environmental impact, the researchers have advised frequent users of AI chatbots to consider adjusting the complexity of their queries. Why do these queries cause more carbon emissions by AI chatbots In the study, author Maximilian Dauner wrote: 'The environmental impact of questioning trained LLMs is strongly determined by their reasoning approach, with explicit reasoning processes significantly driving up energy consumption and carbon emissions. We found that reasoning-enabled models produced up to 50 times more carbon dioxide emissions than concise response models.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Americans Are Freaking Out Over This All-New Hyundai Tucson (Take a Look) Smartfinancetips Learn More Undo The study evaluated 14 large language models (LLMs) using 1,000 standardised questions to compare their carbon emissions. It explains that AI chatbots generate emissions through processes like converting user queries into numerical data. On average, reasoning models produce 543.5 tokens per question, significantly more than concise models, which use only 40 tokens. 'A higher token footprint always means higher CO2 emissions,' the study adds. The study highlights that Cogito, one of the most accurate models with around 85% accuracy, generates three times more carbon emissions than other similarly sized models that offer concise responses. 'Currently, we see a clear accuracy-sustainability trade-off inherent in LLM technologies. None of the models that kept emissions below 500 grams of carbon dioxide equivalent achieved higher than 80 per cent accuracy on answering the 1,000 questions correctly,' Dauner explained. Researchers used carbon dioxide equivalent to measure the climate impact of AI models and hope that their findings encourage more informed usage. For example, answering 600,000 questions with DeepSeek R1 can emit as much carbon as a round-trip flight from London to New York. In comparison, Alibaba Cloud's Qwen 2.5 can answer over three times more questions with similar accuracy while producing the same emissions. 'Users can significantly reduce emissions by prompting AI to generate concise answers or limiting the use of high-capacity models to tasks that genuinely require that power,' Dauner noted. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Trump's 'Big Beautiful Bill': Senate aims for passage by this date; hopes to finalise it 'even sooner'
Trump's 'Big Beautiful Bill': Senate aims for passage by this date; hopes to finalise it 'even sooner'

Time of India

time35 minutes ago

  • Time of India

Trump's 'Big Beautiful Bill': Senate aims for passage by this date; hopes to finalise it 'even sooner'

Senator Ron Johnson said there's a strong chance that Donald Trump 's "Big Beautiful Bill" could be passed by the Senate and land on the US president's desk by July, possibly before the August recess. "I think we can do it before the August recess, yes, and maybe even sooner than that," Johnson told Fox News. President Trump has earlier urged Congress to send the bill to his desk by July 4, calling it "arguably the most significant piece of legislation that will ever be signed in the history of our country." — bennyjohnson (@bennyjohnson) The wide-ranging legislative package — formally known as the "One, Big, Beautiful Bill" bundles together major tax reforms, spending cuts, and border security proposals that aim to reshape key areas of American policy. At its core, the over 1,000-page bill seeks to make Trump's 2017 tax cuts permanent while adding new tax breaks, such as deductions for tips, overtime, and car loan interest. It also proposes raising the standard deduction to $32,000 for joint filers, boosting the child tax credit to $2,500, and offering a $4,000 deduction for certain seniors. But the bill has sparked backlash over proposed cuts to federal programs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo It includes major reductions in spending on Medicaid and the Supplemental Nutrition Assistance Program (SNAP). The Congressional Budget Office estimates the bill could cut SNAP spending by $295 billion over the next decade and push around 3.2 million people off the program each month by tightening work requirements and shifting more costs to states. While Republicans hold a slight majority in the Senate (53-47), opposition remains — not just from Democrats but also from some GOP senators worried about impacts on vulnerable populations and the potential to worsen the federal deficit.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store