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Barchart

Anushka Dutta

As Goldman Sachs Funds the Next Era of AI, Should You Buy, Sell, or Hold the Iconic Bank Stock?

Goldman Sachs Barclays Freedom Capital Markets GS Keefe Bruyette & Woods

Leading investment banking giant The Goldman Sachs Group (GS) is reportedly working with the real estate advisory firm Newmark Group (NMRK) to develop private power campuses for artificial intelligence (AI). According to GridFree AI, the investment banking firm is raising both equity and debt financing for the project to build modular natural-gas-fired power plants serving a group of data centers in South Dallas.

GS CEO David Solomon sees potential in AI, believing that recent AI advancements free up space to invest “more in people,” which in turns helps scale the business.

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