Goldman Sachs Asset Management launched AlphaAI, a new artificial intelligence investing platform. The firm expects AI to drive investment returns across public and private markets. An internal memo described the initiative as a force multiplier for investment strategies.
Lou D'Ambrosio will lead the platform as chairman of Artificial Intelligence for Asset Management. D'Ambrosio previously founded and led the firm's Value Accelerator unit.
AlphaAI identifies opportunities using insights from over 100 scaled AI use cases. These use cases are currently active within Goldman Sachs portfolio companies.