Goldman Sachs launches Small Business AI Institute with $500 million commitment
The new initiative partners with Anthropic, Google, Meta, and OpenAI to provide training, tools, and capital access to 10,000 small businesses.
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Global investment banking and financial services firm
goldmansachs.comLast updated
In short: Goldman Sachs reported strong third-quarter earnings, with profit up 29% on record revenues.
The new initiative partners with Anthropic, Google, Meta, and OpenAI to provide training, tools, and capital access to 10,000 small businesses.
Net revenues reached $18.7 billion with record investment banking fees and assets under supervision of $4.1 trillion. The firm announced acquisitions of NEOS Investments and LCN Capital Partners.
The firm establishes a dedicated space for over 125 AI and cloud engineers to accelerate technology innovation and talent growth.
The deal adds LCN’s roughly $3 billion asset platform to Goldman Sachs Asset Management. Consideration could total $410 million, and closing is expected by year-end 2026, subject to approvals.
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Alone, the acquisition of NEOS Investments probably won't drive Goldman Sachs back to all-time...
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