Goldman Sachs Asset Management Launches AlphaAI Platform for $40.5 Billion AI Fund Market
Updated
Updated · Hubbis · Aug 3
Goldman Sachs Asset Management Launches AlphaAI Platform for $40.5 Billion AI Fund Market
1 articles · Updated · Hubbis · Aug 3
Summary
AlphaAI will scan both public and private markets for artificial-intelligence investments, with Lou D’Ambrosio appointed chairman of AI for asset management.
More than 100 AI applications already deployed across Goldman Sachs portfolio companies will feed the platform’s research, which the firm says can spot widening performance gaps within sectors before prices fully reflect them.
Darius Adamczyk will take global leadership of Goldman’s Value Accelerator, the operating-improvement business D’Ambrosio founded in 2018 that has embedded more than 100 executives into the investment process over nine years.
The launch adds Goldman to a crowded AI-investing push as U.S.-domiciled AI-themed funds and ETFs already manage $40.5 billion, even as investors still debate which companies will become long-term winners.