Goldman Sachs launches AlphaAI investing platform across public and private markets
Goldman Sachs Asset Management launched AlphaAI, a new platform focused on using artificial intelligence to drive returns across public and private markets.
Goldman Sachs Asset Management has launched AlphaAI, a new investing platform focused on using artificial intelligence to generate returns across its public and private market businesses.
Lou D’Ambrosio will lead the initiative as chairman of Artificial Intelligence for Asset Management, according to an internal memo reviewed by Reuters.
Goldman views AI as both an investment opportunity and a technology that can strengthen how the firm evaluates companies and manages assets.
Marc Nachmann, global head of Goldman’s asset and wealth management division, said in the memo that AI is reshaping industries and strengthening the firm’s investment process.
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D’Ambrosio founded Goldman’s Value Accelerator in 2018 and chairs the firm’s AI Investing Leadership Council. He has also served as chief executive of public and private companies.
Darius Adamczyk, who previously led the Value Accelerator alongside D’Ambrosio, will assume global leadership of the business.
The Value Accelerator works with portfolio companies to support growth and create value using Goldman’s broader network and resources.