Latest News, Updates & Breaking Headlines
India emerged as one of the fastest-growing steel markets as global steel prices rose across major regions in April and early May, according to a Goldman Sachs report. In its “Global Steel: The Steel Market Barometer – May Update”, Goldman Sachs said average hot rolled coil (HRC) prices increased across nearly all major markets in…
Goldman Sachs tech boss Marco Argenti recently said that companies may be focusing on the wrong thing by measuring how employees use artificial intelligence (AI) at work. While many firms are pushing workers to use AI tools at work more often, Argenti believes that tracking employee’s AI usage is the wrong way to measure whether…
Goldman Sachs has identified 12 Indian stocks as medium-term “alpha” ideas even as foreign institutional investors (FIIs) continue their record exodus from domestic equities, warning that overseas inflows may not return quickly despite easing oil prices, according to an ET report.The brokerage said FIIs have sold $22 billion worth of Indian equities so far in…
ChatGPT maker OpenAI and Claude developer Anthropic are reportedly locked in another round of AI battle. Both companies announced back-to-back efforts to expand enterprise adoption of AI tools by forming new ventures backed by major financial institutions. OpenAI has reportedly raised more than $4 billion from investors, including TPG, Brookfield Asset Management, Advent, and Bain…
Goldman Sachs has now barred its bankers in Hong Kong from using Anthropic’s Claude AI models, underscoring how emerging artificial intelligence technologies are increasingly caught in the crossfire of US-China tensions. According to a report by Financial Times, Goldman employees in Hong Kong lost access to Claude models a few week ago, both directly and…
Goldman Sachs has warned that losing a job due to artificial intelligence (AI) could have long-term financial impact, with workers facing lower earnings and slower career growth for years. In a new report, the Wall Street bank said its analysis of 40 years of labour market data shows that workers displaced by technology often continue…
Strategists at Goldman Sachs now project Brent crude to average about $105 in March and rise to $115 in April. (AI image) As a direct fallout of the US-Iran war and rising crude oil prices, Goldman Sachs has adopted a more cautious view on Indian equities, revising its rating to “marketweight,. The global brokerage has…
Goldman Sachs is integrating AI deeply into its operations, aiming to revolutionize client onboarding, risk management, and more with a new operating model. While CEO David Solomon expresses optimism about AI’s transformative potential and the bank’s strong financial performance, he also candidly warns shareholders about risks like incorrect outputs, data breaches, and external dependencies. Goldman…
Goldman Sachs is now changing its long-standing practice of conducting large-scale annual layoffs as the companies now opting for a series of smaller job cuts rolling out this year. According to a report by Business Insider, the Wall Street bank will starting trimming the staff in April, with additional cuts expected through summer. Goldman has…
As tensions continue to heat up in the Middle East, concerns are raising about disruptions to one of the world’s most critical energy shipping routes, the Strait of Hormuz. Any disruption could significantly affect major oil-importing countries such as India, as the narrow Strait of Hormuz is central to global energy trade. The strait sees…
