Goldman Sachs Joins $1.5B Anthropic JV as 95% of Firms Lag AI ROI
Goldman Sachs is part of a $1.5 billion joint venture with AI developer Anthropic; the deal could boost advisory fees. In a research report, the bank finds 95% of firms see minimal return on billion-dollar AI investments and urges data organization and orchestration to drive profitability.
1. Anthropic Joint Venture Details
Goldman Sachs is among the Wall Street firms in discussions to form a $1.5 billion joint venture with AI developer Anthropic. The partnership aims to fund advanced model development and infrastructure, positioning the bank to earn significant advisory fees and strengthen its role in generative AI.
2. Research Reveals AI Investment Shortfalls
In its latest report, Goldman Sachs finds that 95% of firms achieve minimal return on their AI spending despite multibillion-dollar investments. The bank highlights that semiconductor firms capture the bulk of AI profits and warns that companies must improve data organization and orchestration to realize enterprise profitability.