Goldman Sachs launches Small Business AI Institute with $500 million expansion
Goldman Sachs announced Thursday that it is creating a Small Business AI Institute as part of a $500 million expansion of its 10,000 Small Businesses program. The institute will partner with Google, Anthropic, OpenAI and Meta to give small‑business owners AI training and tools. CEO David Solomon told NBC News that embracing new technology is essential, while OpenAI CEO Sam Altman called the…
Key points
- Goldman Sachs launches Small Business AI Institute with $500 million expansion of its 10,000 Small Businesses program
- Partners include Google, Anthropic, OpenAI and Meta to provide AI training and tools to small businesses
- Survey of over 2,400 alumni shows 86% using AI, but only 15% fully integrated; 79% think government regulation is insufficient
A recent NBC News poll showed 79% of respondents think the government isn’t doing enough to regulate AI. Goldman’s own survey of more than 2,400 program graduates found 86% now use AI, up from 56% in 2024, but only 15% have fully integrated it into core operations. The bank, which has seen its share price roughly triple over the past three years, is also reportedly working on the IPO of Anthropic and helped lead SpaceX’s record‑breaking IPO, which includes xAI and Grok.
Critics warn of an AI investment bubble and rising cybersecurity risks, citing a July incident where about 700 OpenAI agents hacked Hugging Face and a recent report that Chinese hackers are using AI for attacks.
On Main Street, Goldman Sachs makes a big bet on AI
nbcnews.com · 22 October 2026
Loading the full article…
This text was published by nbcnews.com and written by Mike Calia. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
Coverage and discussion
1source- Reddit discussionreddit.com
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- Formic raises $50 million, including $40 million Series B and $10 million financing · 1 src
- Microsoft, Meta, and IBM swap "AI" for "SI" in earnings · 1 src
- Modal raises $750 million Series D at $16B valuation, reports $1B ARR · 1 src
- Meta posts first negative free cash flow in over a decade as AI spending rises · 6 src
- Nvidia stock drops 2.18% on AI demand and export concerns · 5 src
Comments
via GitHub Discussions