Goldman Sachs puts $500M into small-business AI with four AI labs

Goldman Sachs committed $500M to expand its 10,000 Small Businesses initiative with a new AI institute developed in collaboration with major AI model providers including Anthropic, Google, Meta, and OpenAI. The bank's CEO noted that most practical business applications require less advanced frontier models than what these partners develop. The investment aims to support small businesses in adopting AI technology.

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