India, Oct. 24 -- More than 1,000 Goldman Sachs analysts recently took part in a competition that gave them an opportunity to present ideas for social impact to the bank's top executives, including CEO David Solomon. The winning teams secured nearly $650,000 in charitable grants for the nonprofit organisations they support.

The annual initiative also highlighted how employees are using artificial intelligence (AI) to address challenges in healthcare, digital safety, housing and energy.

The competition, known as the Analyst Impact Fund, allows junior employees to work with nonprofit organisations, develop proposals and pitch their ideas to senior leadership. The grants are awarded to support the organisations chosen by the teams, rather ...