Goldman Sachs News

AI's Job Revolution: Solomon Bets on Growth Over GloomIn the swirling debate over artificial intelligence's impact on the workforce, Goldman Sachs CEO David Solomon sta...

Apple Nears JPMorgan Deal to Replace Goldman in Apple Card Shift, Threatening CoreCard Revenue

A potential deal between Apple Inc. and JPMorgan Chase & Co. to take over the Apple Card could spell trouble for a lesser-known player in the financial ecosystem: CoreCard Corp., t...

Microsoft CEO: AI Yet to Live Up to the Hype

Microsoft CEO Satya Nadella is throwing cold water on AI, saying the tech has yet to live up to the hype or meaningfully contribute to the economy....

Goldman Sachs Unveils AI Assistant for Productivity Boost

Goldman Sachs has taken a significant step into the future of financial services by launching a firmwide artificial intelligence assistant, a move that underscores the growing inte...

Major Banks Bail On the Net Zero Banking Alliance

On the even of President-elect Trump's second term, six major US banks have taken the easy way out, bailing on the Net Zero Banking Alliance (NZBA)....

CFPB Fines Apple and Goldman Sachs $89 Million Over Apple Card

The Consumer Financial Protection Bureau has fined Apple and Goldman Sachs more than $89 million for 'Apple Card failures.'...

Prepare for $2,000 ChatGPT Subscriptions

ChatGPT fans may be in for a rude awakening, with OpenAI reportedly investigating subscription options that could be as high as $2,000....

Gartner The Latest To Warn of Generative AI’s Limitations

Gartner has joined the growing chorus of companies, institutions, and investors warning that artificial intelligence may never realize the promise its prop...

Elliot Management: AI Is ‘Overhyped’ With ‘Few Real Uses’

Hedge fund Elliot Management is the latest financial firm to throw cold water on the AI, saying it is driving a "bubble."...

Goldman Sachs: ‘Limited Economic Upside From AI’

Goldman Sachs is throwing cold water on the artificial intelligence industry, saying its ability to solve problems doesn't justify its cost....

Apple Card a Major Factor in Goldman Sachs Q2 $667 Million Loss

The Apple Card is the gift that keeps on giving — and not in a good way — for Goldman Sachs, contributing to a $667 million Q2 loss....

Goldman Sachs Looking to Exit the Apple Card, Offload to American Express

Goldman Sachs is looking to exit the Apple Card and savings account business, and is reportedly in talks to offload it to American Express....

Apple Expands Carbon Removal ‘Restore Fund’

Apple has expanded its Restore Fund, a program the company first unveiled in 2021 to fight climate change via carbon removal projects....

Goldman Sachs to Begin Layoffs This Week

After weeks of rumors and anticipation, Goldman Sachs will begin laying off thousands of workers this week....

Goldman Sachs to Lay Off Up to 8% of Its Employees

Goldman Sachs is the latest company turning to layoffs to weather the economic downturn, reportedly looking to cut up to 8% of its staff....

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