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.
Leadership and Strategy
Lou D’Ambrosio will lead AlphaAI, as chairman of Artificial Intelligence for Asset Management, according to an internal memo seen by Reuters. 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.
Marc Nachmann, global head of Goldman’s asset & wealth management arm, stated in the memo, “We believe AI is both reshaping industries and acting as a force multiplier in how we invest.” Darius Adamczyk, who has co-led the Value Accelerator, will assume global leadership of the business, the memo said.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
