Goldman Sachs Asset Management has introduced an artificial intelligence investing platform called AlphaAI, reflecting its view that AI will play a key role in generating returns in both public and private markets.
Lou D’Ambrosio has been appointed to lead AlphaAI as chairman of Artificial Intelligence for Asset Management, according to an internal memo seen by Reuters.
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In the memo, Goldman’s asset and wealth management global head Marc Nachmann said: “We believe AI is both reshaping industries and acting as a force multiplier in how we invest.”
D’Ambrosio founded the Value Accelerator in 2018, leads the firm’s AI Investing Leadership Council, and has previously been chief executive of private and listed companies.
In a statement to Reuters, D’Ambrosio said: “We expect AI to drive greater dispersion within sectors, not just across them, and that isn’t necessarily reflected in prices.
“AlphaAI is built to find it, drawing on what we see across the breadth of our public and private markets business, and what we’re learning inside our portfolio companies — where we already have over 100 scaled AI use cases.”
The memo said Darius Adamczyk, who has jointly led the Value Accelerator, will take global charge of that business.
The unit works with portfolio companies to support growth and value creation through the Goldman Sachs network.
Adamczyk added: “Over nine years we’ve embedded more than 100 operating executives directly into our investment process, and the job now is to continue to add process, talent and execution rigor as we partner with strong management teams to drive growth, expand margins, and build great companies.”
Goldman Sachs profit surged in the second quarter (Q2) of 2026, benefitting from a booming trading environment and continued growth in asset and wealth management.
The US-based bank reported net earnings of $6.63bn in the quarter ended 30 June 2026, a 78.2% surge from the $3.72bn in the same period last year.
Assets under supervision stood at $4.04tn as of 30 June 2026, supported by $230bn of net inflows and $161bn of market appreciation.
