June 23 (Reuters) - Goldman Sachs ( GS ) on Monday

announced a firmwide launch of an artificial intelligence

assistant, a tool driven by generative AI, to boost

productivity, according to an internal memo seen by Reuters.

Around 10,000 employees at the bank are already using the GS

AI Assistant, the memo sent to staff by Chief Information

Officer Marco Argenti showed.

With the AI tool's official company-wide launch, Goldman

joins a long list of big banks already leveraging the technology

to shape their operations in a targeted manner and help

employees in day-to-day tasks.

Citigroup ( C/PN ) has AI tools such as Citi Assist, which

searches internal bank policies and procedures, as well as Citi

Stylus, which helps with document summarizing and comparisons.

Morgan Stanley ( MS ) has a chatbot that helps financial

advisors in interactions with clients, while Bank of America's ( BAC )

virtual assistant, Erica, focuses on day-to-day

transactions of retail clients.

The GS AI assistant will help Goldman employees in

"summarizing complex documents and drafting initial content to

performing data analysis," according to the internal memo.