News for hackers. Stuff that matters.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by cactca on Sunday November 08, 2026 @02:13PM (#50416089)
The most interesting part of this announcement is the timing. GS is leading Anthropic's IPO, what motivated them to announce this a few weeks before trading starts?
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by hackernewds on Sunday November 08, 2026 @02:15PM (#50416119)
this is an extremely interesting point
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by pdpi on Sunday November 08, 2026 @02:18PM (#50416143)
In an honest, well-functioning org, those are decisions made by completely different groups that do not (and should not) report to each other. It's actually kind of depressing that we (and I include myself in that) assume otherwise by default.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by lukan on Sunday November 08, 2026 @02:22PM (#50416184)
And in a well functioning world, no child would die of hunger or bombs and we would not have a climate crisis (political leaders are in denial about). But this is the reality we have to deal with.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by epistasis on Sunday November 08, 2026 @02:23PM (#50416192)
A well functioning org happens regularly. A well-functioning world is far more difficult.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by lukan on Sunday November 08, 2026 @02:58PM (#50416559)
Well functioning by what metrics? To make money? No doubt Goldman sachs does that. But making money often has the incentive of ignoring ethics .. which is what this thread was about. Would they ignore ethics to make more money?

So here, would they synchronize announcing big things in relation to the hottest and most risky investment there is right now?

"what motivated them to announce this a few weeks before trading starts?"

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by DrudgeCorporate on Sunday November 08, 2026 @02:26PM (#50416225)
Kind of an odd strawman
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by otterley on Sunday November 08, 2026 @02:27PM (#50416246)
What was the point of this comment?
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by arcanemachiner on Sunday November 08, 2026 @02:29PM (#50416278)
Tinfoil hattery
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by lukan on Sunday November 08, 2026 @02:51PM (#50416486)
Questioning the assumption that Goldman Sachs is a shiny example of ethics in this world.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by NamlchakKhandro on Sunday November 08, 2026 @02:52PM (#50416497)
Large horse cock moralising
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by elmer2 on Sunday November 08, 2026 @02:29PM (#50416279)
You mean the climate crisis that said we would be under water by now? We've been hearing about this 'crisis' since the 70s.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by markerz on Sunday November 08, 2026 @02:37PM (#50416354)
https://en.wikipedia.org/wiki/Nirvana_fallacy

Also what’s your point? Goldman Sachs shouldn’t pull Claude Code because there’s no point in trying in this world and we should all give up on everything?

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by aljgz on Sunday November 08, 2026 @02:31PM (#50416297)
I have bad news: most large corporations are successful because they know how to make money. Often, the internal operations, are disappointingly bad, just not bad enough to kill the corp fast.

Source: I've worked in and with many successful organizations, and worked at one place with proper internal processes, so I know what's possible

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by maxnevermind on Sunday November 08, 2026 @02:49PM (#50416468)
I have observed that also. Though I'm still not sure whether: 1) there are some small pockets where important decisions are made, innovation happens and the needle is moved, and dysfunction I see is just justified bloat of the company 2) it is the entire corporation like that but it somehow works at the end.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by eddythompson80 on Sunday November 08, 2026 @06:21PM (#50418743)
The way I would describe large companies is similar to that joke "Mandatory scheduled fun events" just with innovation. Most large organizations cannot innovate, instead they execute well. Look at all the major large organizations, they primarily distinguish themselves on execution, not innovation. A startup that's hobbled together by passionate soft drink makers (or whatever) aren't gonna come close to full business efficiency of Coke Inc. The manufacturing capacity, distribution channels, the logistics, the brand management and awareness, the brand integration and cross promotion, and other things that come from economy of scale. The rigid structure is not a place for innovation to grow.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by freejazz on Sunday November 08, 2026 @04:19PM (#50417397)
>I have bad news: most large corporations are successful because they know how to make money.

Who is they? Do you have any idea what its like working at an org the size of GS, that you actually think these two completely different departments discussed the matter with each other?

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by mmooss on Sunday November 08, 2026 @02:54PM (#50416522)
> In an honest, well-functioning org, those are decisions made by completely different groups that do not (and should not) report to each other.

I don't agree at all. Different groups should be supporting each other and the overall bottom line instead of their parochial, narrow self-interests - the latter is a poorly functioning org.

If by group A delaying its $100M cost-cutting, group B can add $1B to the bottom line, it would be a corporate and group management failure for group A not to cooperate.

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by trvz on Sunday November 08, 2026 @02:57PM (#50416544)
In this case, both decisions are weighty enough that they should be made at the very top, by the same people.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by freejazz on Sunday November 08, 2026 @04:20PM (#50417409)
Really? You think executives at GS waste their time debating where software should be installed on trading desk computers? They have entire departments dedicated to handling those issues...
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by sgt101 on Sunday November 08, 2026 @04:47PM (#50417666)
I think that if this wasn't sanctioned by someone at the top then there would be a round of public hanging, drawings and quarterings in the IT department.

What is the Investment Bank version of "flogging round the fleet"?

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by JumpCrisscross on Sunday November 08, 2026 @05:16PM (#50417977)
> You think executives at GS waste their time debating where software should be installed on trading desk computers?

Uh yes, the head of ECM should know how GS is using his largest clients' products to the degree legally permissible.

One of the ways boutiques pitch themselves against the bulge brackets is by emphasizing that they won't generate these sorts of headlines.

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by piker on Sunday November 08, 2026 @03:06PM (#50416621)
I'm no longer in that industry, but as I recall there are actually rules imposing independence from investment banking and research arms, for example. Dates back to the Dot Com era where research analysts were touting IPOs for the investment banking division.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by oblio on Sunday November 08, 2026 @05:59PM (#50418455)
Fairly sure they tore those down last year or a bit before.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by rglover on Sunday November 08, 2026 @02:19PM (#50416148)
Plausible deniability.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by jayd16 on Sunday November 08, 2026 @02:29PM (#50416276)
Probably easier to bury it in election cycle news and current downturn than worry about it closer to the IPO, no?
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by badgersnake on Sunday November 08, 2026 @02:32PM (#50416307)
Strats still have access. They probably want the traders to focus on trading and then strats to do this stuff. YTMYTS.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by yipinwong on Sunday November 08, 2026 @02:35PM (#50416344)
Conflict of interest? Might as well cover their ass before IPO to claim the underwriting was fair
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by lg5689 on Sunday November 08, 2026 @02:58PM (#50416561)
At a large bank like this, the people responsible for cybersecurity have a completely separate reporting chain and incentives than the ibanking side. If there was a security risk identified, it'd be completely inappropriate to wait a few weeks.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by etiennebausson on Sunday November 08, 2026 @03:50PM (#50417083)
Because it would be surprising for GS to make inappropriate choices?

Google put 'scandal' in the autocomplete choices after their name, that tell me enough.

Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by freejazz on Sunday November 08, 2026 @04:21PM (#50417417)
Tired of this kind of discussion here. It's so insubstantial. Do you have an actual point to make? I'm sure everyone here is aware that an investment bank the size of GS has been involved in scandal.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by lg5689 on Sunday November 08, 2026 @05:43PM (#50418277)
Large banks are far more conservative about these risks than the media portrays. Reputation and regulation are huge, if not existential, risks, and the senior management treats it this way.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by ericbarrett on Sunday November 08, 2026 @03:11PM (#50416648)
This wasn't announced, it was an internal leak reported by Bloomberg. Perhaps they should have known it would leak, but there doesn't seem to be any grand strategy.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by sgt101 on Sunday November 08, 2026 @04:46PM (#50417654)
Goldman wants to lead the IPO, and have a successful IPO, because Anthropic and Anthropics investors will give Goldman more business if it does that. However, if Anthropic is overvaluing itself then Goldman may not be filling the book on the offer. This story may drive down the value that investors give to Goldman when it does its research, enabling a lower price on the IPO which will then generate more institutional interest and make the IPO a success.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by kogasa240p on Sunday November 08, 2026 @04:57PM (#50417770)
A drug dealer never consumes.
Re:Goldman Sachs Is Pulling Claude Code from Its Bankers and... by dataviz1000 on Sunday November 08, 2026 @05:07PM (#50417890)
> A drug dealer never consumes

That is:

> Number four, I know you heard this before

> Never get high on your own supply

Nonetheless, I think the advice being applied here is number 3

> Number three, never trust nobody