Chris Churchman, a Goldman Sachs partner who oversees Marquee, the firm's digital platform for institutional clients, stated that the widespread adoption of AI on Wall Street could lead bankers to over-rely on models, thereby eroding their ability to reason from first principles. He likened this to how GPS and search engines have eroded navigation skills. Churchman noted that Goldman Sachs is actively identifying this risk, but the company has not yet determined clear mitigation strategies, while facing pressure from competitors like Morgan Stanley and JPMorgan Chase regarding AI deployment.