Goldman

American investment bank Goldman Sachs has set up a facility in India to train both engineers and non-engineers in generative artificial intelligence (GenAI) to explore the usage of the technology in its businesses.Since 2006, Goldman Sachs has invested more than $7 billion in India. Starting off as a support function, the Indian operations have now become the second largest for Goldman Sachs globally.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product…

Duff Goldman is recovering after his car was allegedly hit by a drunk driver. The Food Network star said Sunday night on Instagram that he was on his way home from the airport and was thinking about what kind of cake he was going to make for his daughter’s birthday. “Next thing I knew I was bleeding and surrounded by airbags,” he wrote in a caption accompanying a photo of a bandaged hand. He claimed a “drunk driver had swerved into my lane on a windy country road.” “After doing a…

Omar Marques | Lightrocket | Getty ImagesGoldman Sachs abandoned an ill-fated push into consumer banking in late 2022, but an investment in a Texas energy retailer means its reach into American homes is about to grow.Rhythm Energy, a Houston-based electricity provider overseen and owned by a Goldman Sachs private equity fund, has won approval from federal authorities to expand from its home market into the more than dozen states where deregulated power firms operate, CNBC has learned.That covers energy networks, mostly in…

U.S. President Joe Biden speaks during a Rose Garden event at the White House to mark National Small Business Week on May 1, 2023 in Washington, DC.Alex Wong | Getty ImagesSmall business owners are more optimistic to start the year, even as they face persistent inflation and lending concerns, a new poll released Thursday found.Seventy-five percent of small business owners are optimistic about their financial trajectory in 2024, up from 68% a year earlier, according to a survey by Goldman Sachs 10,000 Small Business…

Goldman Sachs on Tuesday posted fourth-quarter results that topped analysts' expectations on better-than-expected asset and wealth management revenue.Here's what the company reported versus what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, expected:Earnings: $5.48 per share; it wasn't immediately clear if that was comparable to the $3.51 estimate of analysts surveyed by LSEG.Revenue: $11.32 billion vs. $10.8 billion expected, according to LSEGGoldman said earnings for the quarter jumped 51% to $2.01…

Goldman Sachs CIO Marco Argenti Goldman SachsIt will be too expensive for any companies other than the world's richest to build such large programs, contends Argenti. Therefore, most enterprises will content themselves with building smaller neural nets, either in their own data centers or in cloud computing services, trained on their proprietary data. The idea of specialized models fine-tuned with corporate data aligns well with the current trend to string together functionality, such as with LangChain, an…

If you're an Apple Savings account holder you might have received a new push notification that explains some good news — you're getting more money. Or to be more precise, you're going to start to receive more interest on the cash that you're already saving.The news comes via a push notification that is now being sent to owners of the Goldman Sachs-backed accounts, with interest rates increasing from 4.15% annual percentage yield (APY) to 4.25%. This happens to be the first time that Goldman Sachs has increased the…

Apple Card might be almost universally loved by everyone who has access to it, but it's very much the black sheep of the Goldman Sachs portfolio — and it wants out. But ditching a contract isn't easy, even for huge banks, and that's definitely the case when the other party involved happens to be the world's biggest company.Apple of course brought Goldman Sachs on board when the Apple Card launched back in 2019, and it's the bank that carries almost all of the downside associated with the deal. With that in mind, it…

SoftBank sold 1.08% stake in food delivery company Zomato through block deals on Friday. Through the sale, the Japanese investor bagged Rs 1,125 crore.According to exchange data, SoftBank has offloaded 9.35 crore shares in the company at Rs 120.5 apiece. Through the deal, prominent investors, including Citigroup, Fidelity Investment, Goldman Sachs, Invesco MF, ICICI Pru Life, Morgan Stanley and others picked up shares in the company.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

Apple Card kicked off as a partnership between Apple and Goldman Sachs, but that seems to be coming to an end soon. There were rumors that Goldman Sachs wanted out of the relationship, and a recent report from Mark Gurman corroborated this information, with a replacement likely lined up.Now, Gurman has revealed the potential replacement. In his latest Power On newsletter, Gurman talked about how Chase Bank is the likely partner for Apple Card moving forward, owing to the company's existing relationship with the…