YouSaid · the spoken record

Marco Argenti

lines on the record: 57
first: 2026-03-30
most recent: 2026-03-30
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“This has been like a 10 years jump in a metro or two years, but I think overall, nobody really likes to have that toil and that mechanical work. And I'm actually quite happy that people are going to spend maybe initially more time because they're excited but don't think that I'm enjoying rather than things that just ate”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“And then came some languages that like C. Oh my God, now I don't have to flip switches anymore. But guess what? I need to do memory management. I need to do pointers. I mean, there's a lot of heavy lifting. Oh, I have a memory leak. I'm going to spend a week before I actually finally identify that. And then it comes Java or garbage collection. I don't have to worry about memory leaks anymore. Fantastic. And then comes Python, which is, oh, all that rigidity is so much easier to type free and so forth. And so every time you kind of keep raising the bar and a lot of the kind of mechanics kind of goes away, I think.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“They focus more and more on the plan, for example. And so right now, let's do a migration plan to the cloud of a complex application. They spend maybe 70% of their time going back and forth with a very powerful set of AIs to really get the plan right. They feel a little bit more elevated and the mechanical part, it's kind of left to the machine. The same way, I mean, listen, I started developing when I was literally flipping switches, okay? and then pressing a button that would move the register up one.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“I see that a lot of people get fatigued. I don't want to talk about burnout, but they get fatigued when there are a lot of repetitive tasks, especially for a developer. Here's an example. Let's say you go from a version of a Java library of Spring Boot to another version. And then all of a sudden you compile and you get or rebuild and you get all these errors that says you need to upgrade. Honestly, upgrading libraries is not the most fun job. And if you need to do it 100 times, or it's like someone says, by the way, guys, we have this new design, new logo, new colors, implemented on like 200 websites. It might be fun the first 10, and then it becomes a drag. And so I think taking that away kind of”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“People are very excited, actually. There's some sort of a joy of the profession that is actually coming out, as if engineers were feeling like this job is new again. Because a lot of engineers have seen the same pattern sometimes for three decades. So that has been something that I observed. There is also a lot of peer pressure. There is a lot of fear of missing out. And so people rather than, it's no longer me trying to push the car uphill. It's more like people are actually looking at their peers and they're looking at, oh my God, how could you do that? And so it's kind of spreading horizontally quite a bit, which is really nice to see. And so far I have to say that it's been positive, positive change. And also one other thing that we're talking about burnout.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I mean, listen again, this is where kind of the fact that I'm a little bit older than most here, engineers. I've seen that the first time people had Excel, the first time people had Python. Oh my God, I don't need to know Java. And then the kids start to code and there is this whole coding movement. And then you get creating your applications. I've seen the first time people have mobile stuff and mobile apps. And so I think a little bit of that is because it's new, to be perfectly honest. And I think, yes, there is a little bit of that, but there is a lot of novelty to that. And then I've seen that people have been using those tools for a couple of years. They're taking them a little bit more like, okay, it's professionalist tool and I'm going to use it for what I actually need rather than just trying to discover. One thing that I've seen is that because maybe of that, but also because of what you can get, there is a sort of, in a way, reward cycle that is pretty quick.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“That pushes people outside their comfort zone. That's why I'm saying that there is a little bit of a metamorphosis happening there. It's not just about efficiency. It's really thinking about, is my job gonna stay the same? No, it's actually changing quite a bit.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“And so AI is kind of turning everybody a little bit into a manager. And those are kind of the skills that we are actually looking for people that they know that they're going to have agency on tools that at some point are going to be even more proficient and specialized than they are. And so the most important thing is really the ability to ideate, to explain, to delegate, and then to really know what good looks like. And I think that is a big change. And I don't think everybody is going to actually rapidly go through that. And I think we're doing a combination of training. There is a combination of exposing them to other people. One of the advantages of having forward deployment engineers is also that there is a little bit of clash of culture that is happening around the table. And so people think really, really differently.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“The second one is you need to be able to delegate work. Guess what? Because you're going to have multiple agents. One is specialized, for example, in doing, I don't know, DCF calculations and one is specialized in doing research. So you need to be able to break down the work into chunks that can be executed in parallel in some way. And then three, you need to have the ability to supervise. You need to actually look at the output and say, okay, I'm good with this or go back. It turns out that those three things, i.e. explain, delegate and supervise, are kind of the one-on-one of managers. Managers need to have those three. Otherwise, they can't manage a team.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, absolutely. Great question. So I think in this day and age, almost nobody An individual contributor freely because when you're working with agents, Need to have at least three fundamental characteristics. One is you need to be able to explain what you want to get done.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“That particular use of the model, that particular session of the model needs to get a ticket or a badge, and that badge or those keys just take them to a certain place. And so this is one of the been, it took us almost two years to build a GSAI platform. This, back to the reason why you can't be casual about these things. This thing has not been built by some random vibe coders, because you need to worry about cyber. You need to worry about info barriers. You need to worry about all that. And so when I talk about, there are places where you can leverage and do correlations, but there are other where you absolutely can't. And this kind of that is foundational to the fact that you need to be ready for AI. You can't be casual about AI.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. So we have the concept of info barriers, okay? And the info barriers are enforced throughout the entire system, okay? And they're linked to your ID or your account. So if I'm on the private side, I can only see certain information. If I am on the public side, I can only see certain information. And I cannot even know about the information on the other side. I don't have access to the files, to the folders. Nothing. AI or each agent or each application, that's the beauty of this centralized platform, needs to get an ID or a badge. And that badge is attached to the exact same info barriers as any application or any computers. And so these are enforced basically at the source. So even if it is the same type of model.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Time per lap between the Mercedes and take your favorite last team. It's sometimes one second after two minutes. And that is the difference between getting $100 million a year sponsorship or a $10,000 sponsorship. So for sophisticated clients, that 10% is really where the money is. And that's really what people are paying us for.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“We have a global advantage. We have people on the ground in 100 plus countries, and these people have relationship and information travels through those channels. And also, you know, like we generally deal with very complex portfolios. So this is not you and I may be having three stocks or four or five. This is a very complex multi-assets with complex products like swaps or swap shops or exotic products, etc., etc. And so that's really the 10% that the clients that we have really value and where we really need to get. It's like at the end of the day, listen, look at Formula One, okay? The difference”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“We have access to, you know, we buy a lot of data that is very expensive and it's a massive quantities and it's very up to date and very real time. So we have a little bit of a data advantage. We operate across multiple asset classes, so we see the trading side, we see the asset management side, so we have a sort of a correlation between assets advantage that we see those because generally rates move, interest rates can move, yields can move, you know, there is a correlation between all those indicators. So there is another advantage.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“I think you can get to the 90%, but I think clients are really paying us for that extra 10%. So, I think that's the answer.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Several controls in place, for example, there needs to be a human more senior than you that actually looks at the code and then certifies and approves. And then after that, before it goes to the production, it goes into something that is called CICD or continuous integration, continuous deployment pipeline, where when it goes through the build phase, et cetera, there is a lot of checks that are injected into that. There are security checks, there are tech risk checks. I don't think at the end of the day you really lose too much velocity or at all. You just need to invest more in those kind of things. And the regulators, I think, if you bring them back into sort of a familiar territory and you're also honest on things that you know and things that you don't know and for the things that you don't know, you kind of put higher protections. I think the conversation is generally very positive.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Is kind of the same, which is Are you classifying the risk tiering of the application, right? And then which controls are you putting and are you putting human supervision and human in the loop? So for example, for code, we don't allow AIs to auto-approve their own code. All they can do is publish what's called the pull request or emerge request. The same way as a developer would do. And we kind of have a sort of a zero trust model there because we don't assume that maybe a junior developer is going to be more bug free than an AI, right? And so we have...”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“So, this is not the first time that banks use neural networks, okay? These are just much larger neural networks. But we've been using neural networks for like decade plus. And so every bank has already gone through the motions of explaining that neural networks don't have perfect explicability. Therefore, you need to change the control system around them. You need to look at what actions can they actually do and then you limit the actions. There is functions called like model risk management, which is a very standardized function within every bank that for each of those neural networks, you need to have an inventory, you need to have a risk tiering, and you need to put controls around them. So it is not really that much of a new thing. It's more of an evolution where now you have things that are much faster and much more powerful. But the basic pattern and the basic discussion with the regulator.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah. And so that's why I mean by velocity is really like the marathon is sustained speed for a long time in a certain direction. I don't think by randomizing that, you actually gain velocity, you gain an instant speed of some sort. And so I'm kind of optimizing for velocity.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Started figuring Nobody need. Anyway, I'm sorry. I just wanted to get that idea. By the way, we have plenty of guests. But you know what? I was almost fearing that you would say, Is there a pilot of mine? No, no, it wasn't.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Second question was interesting because basically, if I read behind the questions, are you asking whether there is a sort of a velocity disadvantage with regards to us versus others? I often say that there is a difference between speed and velocity. Speed is almost like you have a certain sprint, okay? But then at some point you're going to hit the wall. A security wall, a scalability wall, there's going to be a bug. You don't know what you're doing. And it's going to, for sooner or later, you're going to be hit by that. It would be like most airplanes are in have autopilot that can do everything. So theoretically, you and I could go on the cockpit and for a long time during the flight, we will feel pretty good about that, right? We will drink some soft drinks or your tea. We will maybe watch some videos. We will be very happy.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“The other one is you can schedule events every 7 a.m. do this or in personal life we all have something like that that sends me the news in the morning and all that so there is a schedulability of tasks. The third one is you can instruct it to kind of change its own behavior because it has these files.md files soul.md the way you so you can say things like hey I would like you to never use this term or please change that or change the way you filter news and so it kind of writes its own software to do things for you without you even seeing what's behind the scenes and so instead of letting people install OpenClaw on their computers what we do is we incorporate some of those characteristics into our agentic platform so that it does things that are more similar to opencloud so that's a lot of”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“So I'll give you two answers. So, first, I want to make sure that I answer your first question, which is we're not using OpenClaw. Okay, but some of the properties of OpenCall as actually have informed the way we are building our agentic platform. Agents today, because of OpenClaw, have actually changed. If you break down what OpenClaw is, this is my own interpretation. I actually never even spoke about this. Are three characteristics that make OpenClub what it is? One is it's a constant loop. So it's basically what in information theory you can call an observer pattern. It's something that continues to run and observe. So there is that. It's a constant observe. So it runs constantly.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“But he's not going to be able to execute. He's not going to be able to create the actual executable. It can actually, even GSAI assistant today can spit out a lot of code, but it spits out source code. Our source code doesn't run Executable, so it needs to be built and it needs to be turned into an executable, it needs to be signed, otherwise the operating system is going to refuse to run it, and so it just doesn't run unless you have that.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“As you know, like as a bank, we're pretty locked down in terms of what you can install. You cannot install stuff that is not in the corporate app store in a way. And so there's no way.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“The cost of people and not to be compared to the cost of T or TCP IP packets or computer or any of that. If you look at just the number of tokens being used for the same use case, if you go the reasoning route or you don't go the reasoning route, if you go the agentic route or not the agentic route, if you go the open chlor route where it checks every, you know, starts having these tasks that are firing one after the other and then you have to start to have verifiers, et cetera, et cetera. So I think the trend will continue with regards to more and more of those, but the cost, the per unit cost of token, I'm pretty sure that it's going to go down. Also, because as GPUs are becoming more powerful, the cost per watt hopefully is going to go down. And then also, to be fair, I mean, these hyperscalers are doing a lot of optimizations to try to run those stacks on their own hardware, right? Which will potentially kind of also generate some economies of scale.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“My personal view is token cost is gonna go down quite a bit, but token numbers are gonna go up probably even more. And so total token cost is gonna actually, we're gonna have to accept that it's gonna be a major item of cost in any organization. And to be compared”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“And so, as long as your token cost per hour is less than your wage per hour, that is a kind of a positive ROI. And so at that point, it's fine.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“It's also like there are certain problems that you don't want to optimize too early, okay? So, for example, Yeah, how much time do you want to optimize now? For remember, we used to kindle optimize the weight of web pages because they were too slow to load. And then at one point the editors or whatever say, why can't I put yet another image? And then people are starting to say, okay, why don't you do it? And then on the back end, I'm going to work in optimizing your images rather than asking you. At the most, you can put three images on the homepage, right? So that's the approach. People right now, I would rather... Have them err on the side of usage and let me worry about optimization. And the other point is. Really, at the end, human hours always tend to be the most expensive cost.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“What I'm trying to say is my philosophy is to try to isolate the developer or the user from the token anxiety. It's a little bit like with electric cars, okay? At one point, if you have 18 miles of range, you're always optimizing routes and maybe I'm not going to go there. I don't need this ice cream today. You're self-limiting in ways that are kind of really not useful, micro-optimizations. We don't want people to go there yet at least. Right now, it's a time where people need to really find the best way to do more and do bet the best possible work with AI. And let us, meaning internally in sort of a central team, optimize it in a way that we're going to make it economical. And I think reducing the token anxiety is a big challenge, but I think it really frees up creativity and what you can do with AI.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“You go to chatgpt.com. To the best model. It is a big part of the time of the spent by the AI Central Group, the platform group. The platform group worries a lot about where do I get the right data, for example, for this question and which model do I route it to. That's a big, you know, because again, I spoke about Pareto Frontier, meaning the optimization between quality, which we don't want to compromise, and the actual cost. And you can be iso quality at very different price points because not all questions require the most expensive token. So that's point number one.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Right now, okay, so first of all, lesson number one is you need to centralize the access to models. So that you can monitor, meter it, and then optimize it. Okay, so the Wild West of everybody goes and calls an API and starts consuming tokens, and then you find out later on is a big problem. And so that's why we built this GSAI platform, which has what's called a model gateway. And the model gateway intelligently routes requests to the combination, the Pareto frontier of quality and cost. So you got to centralize that. It's not a one size fits all because many cases, if you're asking what's the weather, you don't need to clod Opus 4.6, you can ask it to live in a local model that you run very cheaply on-prem. And so there are ways to optimize way before you start even having the conversation you're consuming too much.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“So, I've seen people doing cloud migrations of legacy applications that were on premise once they have been enabled with those tools, literally in a matter of hours. I've seen someone build a complete travel assistant for corporate, a travel assistant that looks at your calendar, it looks at the flight delays, and looks at rebooking stuff, literally like doing a meeting where they were not paying attention. So, those are some of the things.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Anything against the SaaS category at all overall, but I have, as I said, different opinions on who actually is going to adopt to the future and adapt to the future and those we're not.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“No, I think integration is extremely important, especially for the industry costs like systems of record. So when you do something like, you know, when you do a process, then you have a source of data. Like your CRM systems could be a system of record or you have your client system or record, your accounting system or record. And those when they become the authoritative source of an answer, they need to integrate with the rest of the firm and the rest of the data, the rest of the application. So I can see that those vendors that sit on top of those, we can argue that they will implement, there's nobody that is better positioned than them to implement AI that will kind of reach outwards and actually do that kind of integration. So I think those who will evolve so that you still get the same level of automatism and you still get the same benefit of speed, but it kind of comes from within. I think that part is probably something that would remain very valuable. And so in general, I don't have anything against it. Again, I don't have...”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“So that's the first differentiation. They're straight to the source of the AI production in a way. And second is that they're generally product people. So people that have actually built those tools. Rather than people that are more like support and deployment. So, this characterization is you take the classic sales support team or solution support team, which was mostly doing integration. And when things are so rapid, it's like, you know, imagine if there is like something like, I don't know, if the closed style works exchanges so fast, instead of a fashion assistant you want to talk to the tailor because they can actually make it.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Right now, I think one trend that I see, which is also kind of true for us, is when things change so much and so rapidly, you kind of want to go to the origin of who produces this new thing. Okay, so the least intermediaries you have and probably the faster you can go. And so going and working directly with the model providers is generally a good idea because if you're putting someone in the middle, this company is going to have to be trained, there's going to have to be, you know, there is a cycle, which at this point of very rapid change is going to slow you down. And so the first thing that that term means is those are people that are actually normally building the product. They're normally building the cloud or GPT or X or”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“No, no, no, no, no. I mean, that is the latest. So you are fully latest of that term. But remember, I mean, there was a time where you used to call them solution architects, right? And so the point is.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“What did they do when they got there? Okay, so I think listen, that name has changed quite a bit. Oh, yeah, I'm already using it.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Know, there's still some rough edges, you know, and so it's hard to think that all of a sudden the big applications are gonna disappear. So that's really what I'm saying, that if I look at the applications that I buy today, there is a lot of small applications. And so the build is kind of the pendulum is starting to swing back towards the build, at least for that category, for sure.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Absolutely. You know, the thing is the whole buy versus build, okay The equation has changed quite a bit. Buy versus build was always like okay, guys, how long does it take to build this? And you get an answer which is, well, we can do it in like X amount of years and X amount of millions of dollars. Now I'm starting to see people coming to me and say, by the way, I had some time this weekend. And here is a perfectly working application. So the cost, or at least for simple applications, the cost of kind of build from a time perspective from a actual cost perspective has gone down quite dramatically. So right now, the little things are most likely going to be built. The very big, large software that is to be deployed at scale across thousands of people and et cetera, et cetera. That big complexity, as you know, from we all do toy stuff with our clock codes at home and whatever.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“We have terminated contracts already, yes, absolutely. Now, I'm not going to ask you your follow up question again because I'm not going to tell your name. Name the tickers of the software stocks. I won't. I won't. But overall, yes, absolutely.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Or if you're adding a sort of a UX on things, that's another class. You have a very simple process, I don't know, you're doing surveys or expense reports or whatever. And now people are going to start expecting their personal assistance or agents to kind of do all that mechanic for them. And so I think that part is probably something that has a bigger question mark on top. And so I always ask myself for the process question first, the process transformation section question first, and then consequently what's the tool that is going to support that.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Still need to do a lot of that, and it's very regulated, importantly, right? It's extremely regulated jurisdiction by jurisdiction, country by country, product by product, industry by industry. So that part is kind of to me in kind of the safe mode. And then you go to the other end of the spectrum and you have sometimes software that kind of is aligned to the way people do things today, like software being one of them.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Software generally is attached to a process or a certain ways of working. It does something for you and it puts it in the form of an application that you use. The real question is, is that process and or ways of working to be the same or is it going to change in five years? Then you can determine what is basically the likelihood that the software is going to be robust to that or not. Example is accounting or closing the books going to be very different five years from now. I don't think so. Really, he hasn't really changed me. I mean, everything changes, but he hasn't really changed much. And so if you're operating in the general ledger type of category, I don't think all of a sudden you take a GPT or a clod and it's going to close your books magically.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“But even softer is very broad. And so within the software category, I think there are winners or losers. There are winners in long term and losers in the long term. But it's really like people tend to make it a category and then tend maybe throw the baby with the bathwater. So here's an example. To me, the question that I ask myself with regards to which vendors am I going to, which software am I going to have like a few years down the road is...”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Think generally there is. First of all, that has kind of always been that tension because imagine, for example, imagine when there were software that didn't run on the cloud and then all of a sudden a bunch of new vendors are coming to you and say, hey, wait a second, why are you running that on your mainframe or your on-prem? Why don't you run it in the cloud? Or remember when software needed to be installed, then everything became browser-based and so assessed. So there is always been a little bit of a cycle and a renewal. What I say is that today that cycle of renewal is much faster. That's really what it is. And I would say I generally resist making really broad categorizations. AI is, by the way, the largest possible to me it's like saying computers, okay?”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“First of all, with all the innovation that I've seen in the last 30 years or so, I kind of never seen a moment where really people were reducing the number of developers. Because if I look at the things they were not doing in a certain year because of budget reasons, because of complexity reasons, because of prioritization, the stuff that is below the cut of the backlog, it's a lot. And a lot of that is really driving the growth of the business. So it's good to have the optionality to do it. You have the optionality of say I now have 120% of my capacity. I have 130% of my capacity. Do I want to do 130% more? Great. If I don't, I have the option to reduce. So that's really how we measure it. It's really the impact on the timelines of delivery. It's output. It's basically quality and timeline becoming quality gets actually better.”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source
“Really, about increasing the output. So, I want to see, I was actually having this discussion this morning. I was looking at some of the reports and some of the deliverables for our cloud migration, which is a very important thing for us. And I was looking at this really big project that was saying it was not only green, it was like two months ahead of schedule. That was saying, this is how we know when things are going to work. You're going to consistently start seeing projects that are actually finishing ahead of schedule, which means then people are ambitious, they want to do more, and therefore you end up with output that is much higher than what you had before. And listen, with developers, obviously the biggest question that everybody asks is, okay, what are you going to do? Are you going to cut developers this and that?”
2026-03-30 · Odd Lots · Goldman CIO Marco Argenti on the Warp-Speed Improvements in AI · IDENTIFIED FROM THE TRANSCRIPT · source