Tag Archives: goldman sachs

According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in AI interest and related tech stocks might be weak, Goldman Sachs states that the popularity of these stocks is more of a revolution than a bubble. Some...

The new AI chatbot will allow Morgan Stanley cater more effectively to its growing wealth division and the teeming clients there. American financial services company Morgan Stanley is looking to introduce an artificial intelligence (AI) chatbot in interactions with its wealthy clients. Morgan Stanley developed the chatbot in collaboration with OpenAI, the company behind ChatGPT. Both Morgan Stanley and OpenAI have been working on the AI chatbot for a while now. Morgan Stanley is now ready...

The Arm filing confirmed that the deal with Apple will last beyond 2040, while assuring that its relationship with other tech giants continue. Apple (NASDAQ: AAPL) has signed a deal with Softbank’s chip designer firm Arm that will last through 2040 and beyond, according to a filing with the United States Securities and Exchanges (SEC). The filing also states that the consumer electronics giant will have access to some Arm architecture. Arm says it has close partnerships with leading tech...

CoinspeakerGoldman Sachs Selling Its Investment Advisory Business as It Suspends Attempts at Mass Market Businesses Goldman Sachs has endured from losses from trying to cater to the broader market and is now looking to sell its investment advisor. Goldman Sachs Selling Its Investment Advisory Business as It Suspends Attempts at Mass Market Businesses

Jan Hatzius and David Mericle – economists at the banking giant Goldman Sachs – predicted that the US Federal Reserve will start lowering interest rates from the second quarter of 2024.  Many experts have previously suggested that such a pivot could boost investor interest in risk-on assets, including stocks, commodities, and cryptocurrencies.  Still Uncertain About the Pace According to Hatzius and Mericle, the US central bank – the Federal Reserve – will start a gradual...

CoinspeakerIndia Launches Open Competition to Build Web Browser Using Crypto to Digitally Sign Documents The competition, which has a submission deadline in July next, will allow tech enthusiasts add to crypto innovation in India. India Launches Open Competition to Build Web Browser Using Crypto to Digitally Sign Documents

CoinspeakerAmazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO Amazon is looking to anchor the IPO and has joined Nvidia, Apple, Intel, TSMC, and Samsung in official talks with Arm Ltd. Amazon Reportedly Talking with Arm Ltd to Become Anchor Investor for Upcoming IPO

According to Goldman Sachs’ economists Joseph Briggs and Devesh Kodnani, investments related to Artificial Intelligence (AI) could climb to the astonishing $200 billion by 2025. They also argued that the United States of America is well-positioned to become the global center of that technology. AI Could Impact the Economy Goldman Sachs Research, conducted by Briggs and Kodnani, estimated that Artificial intelligence has “enormous economic potential” and could potentially aid...

CoinspeakerGoldman Sachs: India to Become World’s Second-Largest Economy Overtaking US by 2075 Goldman Sachs notes that India's lowering dependency rate, emphasis on infrastructure boost, and capital investment inflows will spearhead the country's economic output in the next few decades. Goldman Sachs: India to Become World’s Second-Largest Economy Overtaking US by 2075

Mathew McDermott – a managing director of Goldman Sachs, one of the biggest financial companies in the world – says he thinks blockchain technology is well on its way to creating a sound new financial system that will never be rivaled or overshadowed. Mathew McDermott on the Future of Blockchain In a recent interview, McDermott explained his thoughts and feelings towards blockchain and how Goldman plans to integrate the technology into its systems in the coming...