Key takeaways
- Goldman Sachs spins out a LinkedIn competitor, the AI-powered Louisa platform
- The banking giant’s share price was briefly up on Friday morning at the news
- It’s a reminder for investors that AI innovation can come from avenues other than Big Tech
In headlines we weren’t expecting any time soon, Goldman Sachs has spun off an AI-powered social media platform. Yep, you read that right. The banking giant had used its internal networking site, Louisa, for two years before taking the product to other customers just a few weeks ago.
It’s a reminder to investors that it’s not just Big Tech innovating in the AI space: there are plenty of other different avenues, with plenty of money to fund new projects, that shouldn’t be ignored. Goldman Sachs is clearly one of them. We’ve got the latest on Louisa, how the market reacted and why professional services might just be the new AI frontier.
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