Goldman Sachs investing in artificial intelligence

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Wall Street banks are investing in artificial intelligence and machine learning.

Goldman Sachs is going big on big data.

Don Duet, cohead of the bank’s technology division, said the firm was investing deeply in artificial intelligence and machine learning.

“You know, we see that the ability to take data and help turn it into information as an asset as a core part of our strategy,” he said in a podcast interview with the bank’s head of communications.

“It’s a very important both technological strategy for the firm as well as business strategy and helping us move to a better degree of data-driven businesses as well as really deriving expertise, content, and knowledge of information.”

Read the source article at Business Insider