Goldman Sachs Launches AI Investing Platform AlphaAI
Goldman Sachs Asset Management has launched an artificial intelligence investing platform called AlphaAI, aiming to leverage AI as a key driver of investment returns across its public and private market businesses. The initiative is led by Lou D'Ambrosio, who will serve as chairman for Artificial Intelligence in Asset Management at Goldman. Marc Nachmann, global head of the asset and wealth management division, emphasized that AI is reshaping industries and enhancing investment strategies. AlphaAI aims to identify opportunities within sectors where price movements may not yet reflect underlying changes driven by AI adoption. The platform will draw insights from over 100 scaled AI use cases across Goldman's portfolio companies. Darius Adamczyk has been appointed as global leader of the business, continuing efforts begun through the Value Accelerator program. The move comes amid growing interest in AI-focused investment products, with U.S.-based ETFs and funds dedicated to artificial intelligence managing $40.5 billion in assets.
Topics: Artificial Intelligence Goldman Sachs Investment Strategy