The ways AI is changing the work of bankers and analysts just got clearer at the Wall Street bank.

Goldman Sachs awards CEO Solomon and COO Waldron $80 million stock awards to retain senior leadership team and ensure stability for the next 5 years.

It used to take two weeks for a team of six bankers to do the same task, Goldman Sachs CEO David Solomon said.

Goldman Sachs' CEO David Solomon said AI can write 95 per cent of an IPO prospectus accurately, and people are now required for the last 5 per cent of the report.