Tag: goldman sachs
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Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027
Sept 1 : A group of 21 financial institutions including Goldman Sachs, Bank of America, Citi and Deutsche Bank plan to create a company this year to issue a cryptocurrency pegged to the dollar in the first half of 2027, they said on Tuesday.The group, which was first announced in October 2025 when just 10…
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Goldman Sachs to buy ETF provider Neos in $2.3 billion deal
Aug 12 : Goldman Sachs will acquire exchange-traded funds provider Neos Investments for as much as $2.25 billion, as the investment bank looks to bolster its presence in asset management.Neos, which provides ETFs on systematic options-based income, managed $30 billion in assets across 19 funds as of June 30.
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Goldman Sachs asset arm forms an AI investing platform, memo shows
NEW YORK, July 30 : Goldman Sachs Asset Management has launched an artificial intelligence investing platform, AlphaAI, betting that AI will become an important driver of investment returns across its public and private market businesses.Lou D’Ambrosio will lead AlphaAI, as chairman of Artificial Intelligence
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Goldman Sachs expects SpaceX’s AI revenue to surge 100-fold by 2030, FT reports
June 4 : Goldman Sachs expects revenue from SpaceX’s AI division to surge to $322 billion by 2030, up from $3.2 billion in 2025, according to the Wall Street bank’s forecasts shared with a potential investor, the Financial Times reported on Thursday. The investment bank estimates SpaceX’s total revenue to rea
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