Goldman expands AI push with new engineering office in Bellevue

Sept. 8 (Reuters) - Goldman Sachs said on Tuesday it has opened a new office in Bellevue, Washington, to serve as a dedicated engineering location for more than 125 employees focused on AI and cloud transformation.

Corporate America has stepped up investments in AI as the fast-growing technology promises to transform business operations and boost productivity.

"The Pacific Northwest is home to many of the world’s top engineering schools and a deep pool of talent," Goldman CEO David Solomon said in a statement. "Hiring exceptional talent is central to how we adapt and grow."

The Wall Street giant employs more than 12,000 engineers, representing roughly one-quarter of its global workforce, who play a critical role in developing the technologies that power its businesses, it said.