Goldman Sachs has opened a new engineering office in Bellevue, Washington, that will house more than 125 employees working on AI and cloud technology, according to a September 8 report from Reuters. The move gives the firm a larger presence in the Pacific Northwest and puts it closer to a deep pool of technology talent. Goldman already employs more than 12,000 engineers worldwide, roughly a quarter of its workforce, and the new Bellevue site adds to that global total. The office is intended to help Goldman attract specialists in AI and cloud computing, where competition for talent is intense, and to apply the technology across its existing businesses rather than as a standalone operation. The firm faces high hiring and retention costs in the Seattle-area market, rapid changes in AI technology, and strict regulatory and cybersecurity requirements that could slow adoption.
Goldman Sachs Group IncGoldman opens a Bellevue engineering office for AI/cloud, expanding its tech talent footprint but facing high hiring costs and regulatory/cybersecurity constraints.
