SERDAR HOCAM
SERDAR HOCAM
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Goldman Sachs' AI Move

Serdar HocamAuthor & Editor

Goldman Sachs has established the Small Business AI Institute to provide artificial intelligence training and tools to small businesses as part of a $500 million program expansion.

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On Main Street, Goldman Sachs makes a big bet on AI

Goldman Sachs has announced the establishment of the Small Business AI Institute as part of a $500 million expansion of its '10,000 Small Businesses' program. The bank is partnering with major tech companies such as Google, Anthropic, OpenAI, and Meta to offer AI training and resources to small business entrepreneurs.

Goldman Sachs CEO David Solomon stated that adopting new technology is essential and important for small businesses to remain competitive. OpenAI CEO Sam Altman expressed his support for the initiative, highlighting AI's potential to empower entrepreneurship.

Although the program aims to support small business growth, this initiative comes amid broader public and political discussions regarding AI regulation, cybersecurity risks, and the technology's impact on the labor market.

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