NEW YORK, July 30 (Reuters) - Goldman Sachs ******* et 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 for ******* et Management, according to an internal memo seen by Reuters.
"We believe AI is both reshaping industries and acting as a force multiplier in how we invest," said Marc Nachmann, global head of Goldman's ******* et and wealth management arm, in the memo.
D'Ambrosio led the Value Accelerator, which he founded in 2018, chairs the firm's AI Investing Leadership Council, and previously served as CEO of both private and public companies.
"We expect AI to drive greater dispersion within sectors, not just across them, and that isn't necessarily reflected in prices," D'Ambrosio told Reuters in an email.
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Lou D'Ambrosio will lead AlphaAI, as chairman of Artificial Intelligence for ******* et Management, according to an internal memo seen by Reuters.
"We believe AI is both reshaping industries and acting as a force multiplier in how we invest," said Marc Nachmann, global head of Goldman's ******* et and wealth management arm, in the memo.
D'Ambrosio led the Value Accelerator, which he founded in 2018, chairs the firm's AI Investing Leadership Council, and previously served as CEO of both private and public companies.
"We expect AI to drive greater dispersion within sectors, not just across them, and that isn't necessarily reflected in prices," D'Ambrosio told Reuters in an email.
#intelligence
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