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Goldman Sachs to commit $500 million to AI adoption by small businesses

Goldman Sachs will put $500 million into a new institute training U.S. entrepreneurs in AI, with Anthropic, Google, Meta and OpenAI as partners, Dow Jones reports.

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what happened

Goldman Sachs has announced a new $500 million package for small businesses. The funds will go toward an institute that will teach U.S. entrepreneurs to work with artificial intelligence and provide them with tools. Partners include Anthropic, Google, Meta and OpenAI, the bank said on Thursday, according to Dow Jones Newswires.

The institute will also research how small businesses use AI and help widen access to financing enabled by AI tools. Chief Executive David Solomon said: "Every major technology shift has rewarded the businesses that adapt most quickly. This commitment makes sure the entrepreneurs who are creating America's jobs can lead in the AI economy."

The bank says it has run its 10,000 Small Businesses program since 2010, a $1.25 billion commitment through which nearly 20,000 entrepreneurs have completed training.

why it matters

For markets this is a corporate story with limited reach: the amount is about $500 million and involves a single bank. It shows how large financial firms are building ties with AI developers, but the text does not point to any direct effect on GS shares.

market impact

GS: a social-program pledge by the bank, with no direct effect on shares or earnings in the text

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StockUnited States

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GS

sources

  1. Goldman Sachs to Put $500M Toward Boosting AI Use at Small Businesses — Dow Jones Newswires, 22 October 2026 at 13:14 UTC
  2. Goldman Sachs to Put $500 Million Toward Boosting AI Use at Small Businesses — Dow Jones Newswires, 22 October 2026 at 13:29 UTC

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