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Goldman Sachs limits Claude Code and GitHub AI coding tools to engineers, excluding most traders

Published
Score
55

Why it matters

Goldman Sachs has restricted access to Anthropic's Claude Code and Microsoft's GitHub to its engineering staff, according to Bloomberg, which reported the change on November 2. Internal guidance issued in October removed the tools from most bankers and traders. The bank cited productivity and risk concerns. A Goldman spokesperson, Nick Carcaterra, said the firm weighs productivity gains against potential risks when deciding who keeps AI tools. The bank has roughly 12,000 engineers, and access now sits largely with them. Strats, who span trading, quantitative research and software engineering, still have access, according to a second person familiar with the matter, so the change is narrower than a blanket ban on non-engineers. Bankers and traders had used the tools for tasks such as monitoring trading flows and creating content, and some traders have said the change frustrated them.

Several points remain unsettled. The reporting does not say how many employees lost access or whether replacement tools were provided to those affected. No regulator or legislator has acted, and the reporting does not indicate that any filing or formal rule is pending. It is also unclear whether Goldman will narrow access further or reopen controlled use for non-engineers.

The reversal stands out because it follows public praise. In July, Chief Information Officer Marco Argenti endorsed a workflow in which non-technical staff prototyped tools with AI and passed them to engineers to refine. In April, Goldman had already removed Claude from its internal AI platform for bankers in Hong Kong. Peers are taking different routes: MUFG built an in-house alternative to Claude Code, BNY runs more than 400 AI-enabled solutions on its governed Eliza platform, and Deutsche Bank gives more than 15,000 developers coding assistants while holding them responsible for the code they commit. Goldman's in-house GS AI Assistant, now rolling out to about 46,000 employees, is being positioned as the alternative for non-engineers. For attorneys, watch whether other large banks adopt job-based AI access policies, how these tools are governed in client-facing and trading workflows, and whether any supervisory attention follows.

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