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The Wall Street giant opened a dedicated AI office in Bellevue, Washington, as it battles tech companies for engineering talent.
Goldman Sachs just planted a flag in Microsoft and Amazon’s backyard. The investment bank opened a dedicated engineering office in Bellevue, Washington, on September 8, focused entirely on artificial intelligence and cloud transformation, marking its first purpose-built engineering space in the Pacific Northwest.
The numbers behind the bet #
The new office will initially house more than 125 employees. Goldman Sachs already employs over 12,000 engineers globally, a figure that represents roughly 25% of its entire workforce. Goldman allocates approximately $6 billion annually to technology spending. The Bellevue office adds to a network of engineering hubs that already spans Warsaw, Bengaluru, and Salt Lake City, which together account for 45% of the firm’s global workforce.
CEO David Solomon framed the expansion around adaptability. He emphasized that hiring exceptional talent is the key ingredient in keeping pace with a technological landscape that’s shifting faster than most corporate planning cycles can handle.
In 2025, the firm received over one million experienced-hire applications, a 33% increase year-over-year.
Why Bellevue, why now #
The office is purpose-built for Goldman’s “One GS” operational model, an internal framework that uses AI across client onboarding, risk management, and sales enablement. Rather than each division building its own tools, the One GS model centralizes AI development so that improvements in one area cascade across the firm.
Goldman’s strategy also reflects a shift in its hiring philosophy. The firm has indicated that entry-level hiring may see a modest contraction as AI tools drive productivity gains. Goldman still plans to hire thousands of interns and graduates each year, but the composition of those cohorts is likely tilting toward engineering and data science roles rather than traditional finance tracks.
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