Goldman Sachs
An investment bank that published a report titled 'Gen AI: Too much spend, too little benefit?', highlighting concerns about AI's high costs and unclear ROI, particularly for replacing low-wage jobs.
First Mentioned
9/20/2025, 5:16:44 AM
Last Updated
9/20/2025, 5:36:56 AM
Research Retrieved
9/20/2025, 5:36:56 AM
Summary
Goldman Sachs, officially The Goldman Sachs Group, Inc., is a prominent American multinational investment bank and financial services company established in 1869. Headquartered in Lower Manhattan, New York City, it is recognized as the world's largest investment bank by revenue and offers a comprehensive suite of services including investment banking, securities underwriting, asset and wealth management, and market making. The company also manages private-equity and hedge funds, operates Goldman Sachs Bank USA, and invests in and finances startups like Spotify and Dropbox, often serving as bookrunner for their IPOs (e.g., Twitter, Bumble, Robinhood Markets). Despite its significant financial standing, ranking 23rd on the Forbes Global 2000 and 55th on the Fortune 500 in 2024, Goldman Sachs has faced criticism regarding ethical standards, its ties to government, and its internal work culture. It is considered a systemically important financial institution and a partner of the World Economic Forum. Recently, Goldman Sachs has expressed concerns about a potentially unsustainable Artificial Intelligence capital expenditure cycle, noting a mismatch between GPU infrastructure investments and current AI return on investment.
Referenced in 1 Document
Research Data
Extracted Attributes
CEO
David Solomon
ISIN
US38141G1040
Type
Public American multinational investment bank and financial services company
Founder
Marcus Goldman
Industry
Financial services
Employees
34000
Co-Founder
Samuel Sachs
Criticisms
Lack of ethical standards, dealings with authoritarian regimes, close ties to U.S. federal government ('revolving door'), role in commodity price inflation, demanding work hours, employee dissatisfaction, high stress levels, abusive treatment by superiors, lack of mental health resources
Founded Date
1869-01-01
Headquarters
200 West Street, Lower Manhattan, New York City, New York, United States
Key Services
Investment banking, securities underwriting, prime brokerage, asset management, wealth management, market making, clearing and custodian services, private-equity and hedge fund management, structuring complex financial products, direct banking (Goldman Sachs Bank USA), client-based and proprietary trading, investing in/financing startups
Stock Ticker
NYSE:GS
Official Name
The Goldman Sachs Group, Inc.
Negative Award
Public Eye Jury Award
Largest Investment Bank
By revenue
Fortune 500 Ranking (2024)
55th
Assets Under Management (2024)
Exceeded $1 trillion
Forbes Global 2000 Ranking (2024)
23rd
Systemically Important Financial Institution
Yes
Timeline
- Goldman Sachs was founded by Marcus Goldman. (Source: Summary, Wikipedia, Wikidata)
1869-01-01
- Samuel Sachs, Marcus Goldman's son-in-law, joined the company, leading to its expansion. (Source: Web search results)
1882
- Ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. (Source: Summary, Wikipedia)
2024
- Ranked 23rd on the Forbes Global 2000 list. (Source: Summary, Wikipedia)
2024
- Released reports highlighting concerns about a potentially unsustainable Artificial Intelligence capital expenditure cycle, noting a mismatch between investments in GPU infrastructure and current AI return on investment. (Source: Summary, related_documents)
2024
Wikipedia
View on WikipediaGoldman Sachs
The Goldman Sachs Group, Inc. ( SAKS) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers. Goldman Sachs is the largest investment bank in the world by revenue and is ranked 55th on the Fortune 500 list of the largest United States corporations by total revenue. In the Forbes Global 2000 of 2024, Goldman Sachs ranked 23rd. It is considered a systemically important financial institution by the Financial Stability Board. Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and tailor-made financial products. It also owns Goldman Sachs Bank USA, a direct bank. It trades both on behalf of its clients (flow trading) and for its own account (proprietary trading). The company invests in and arranges financing for startups, and in many cases gets additional business as bookrunner when the companies launch initial public offerings.
Web Search Results
- Goldman Sachs: Latest News and Updates
# Goldman Sachs Goldman Sachs Goldman Sachs is a New York-based investment banking firm that engages in global investment banking, securities, investment management, and other financial services, primarily with institutional clients. Founded in 1869, the firm is recognised as one of the most prestigious institutions in the world, although its reputation has suffered after the financial sector drew fire since the global financial crisis. Chairman / President David Solomon [...] CEO / Managing Director David Solomon CFO / Finance Director Lloyd Blankfein (Chairman and CEO) Industry Banking, Financial services Website GoldmanSachs.com Headquarters address 200 West Street, New York, New York, U.S. Stock Code NYSE:GS Year founded 1869 Recommended For You ## China Economy ## China’s aircraft maker Comac wins one of its biggest overseas orders for C909 jets videocam ## Science
- Goldman Sachs - Wikipedia
The Goldman Sachs Group, Inc. (/s æ k s/_SAKS_) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many international financial centers.( Goldman Sachs is the largest investment bank in the world by revenue( and is ranked 55th on the _Fortune_ 500 list of the largest United States corporations by total revenue.( In the _Forbes_ Global 2000 of 2024, Goldman [...] Goldman Sachs offers services in investment banking (advisory for mergers and acquisitions and restructuring), securities underwriting, prime brokerage, asset management, and wealth management. It is a market maker for many types of financial products and provides clearing "Clearing (finance)") and custodian bank services. It operates private-equity funds and hedge funds. It structures complex and tailor-made financial products. It also owns Goldman Sachs Bank USA, a direct bank. It trades both [...] From Wikipedia, the free encyclopedia American investment bank The Goldman Sachs Group, Inc.Image 4 Image 5 Headquarters in New York City Company typePublic Traded as NYSE:GS DJIA component S&P 100 component S&P 500 component ISINUS38141G1040 IndustryFinancial services Founded 1869; 156 years ago(1869) Founders Marcus Goldman Samuel Sachs Headquarters200 West Street, New York City, New York ,
- Goldman Sachs | Research Starters - EBSCO
Finance industry analysts have characterized Goldman Sachs as one of the most powerful investment banks in the world. Its large size and the enormous value of its assets under management—which exceeded $1 trillion as of 2024—gives Goldman Sachs significant influence in international financial markets. Goldman Sachs alumni have also routinely moved into high-profile positions in government and the public sector: some recent examples include Jon Corzine, Robert Rubin, Hank Paulson, and Mario [...] Goldman Sachs traces its history to 1869, when the firm was founded by Marcus Goldman. Goldman was a German immigrant who spent more than two decades as a salesman and shopkeeper before entering the New York banking industry. He began specializing in commercial promissory notes, a short-term business financing instrument. He continued to operate the fledgling company on his own until 1882, when Samuel Sachs, Goldman’s son-in-law, joined him. Three years later, Goldman Sachs expanded to a [...] Goldman Sachs operates across four main service divisions: investment banking, global markets, asset management, and consumer and wealth management. The company’s investment banking division offers brokerage and financial advisory services to public and private enterprises, and individual clients. It also finances businesses through loan programs and capital raises. Goldman Sachs’ global markets segment serves institutional clients, offering funding and risk management advice to operators who
- Explore Our Firm - Goldman Sachs
# Explore Our Firm Goldman Sachs provides a range of investment banking, investment management, and securities services for our clients. These services are delivered by teams working across multiple functions. Shareshare Asset Management Provides investment management solutions across all major asset classes to a diverse set of institutional and individual clients. Conflicts Resolution Group [...] Provides a broad range of investment banking services to a diverse group of clients, including corporations, financial institutions, entrepreneurs, asset managers, and governments. Legal Plays an essential role in the formulation and implementation of the strategy of Goldman Sachs. Office of Regulatory Relations Manages the firm’s regulatory relationships and obligations. Operations [...] Corporate & Workplace Solutions Delivers solutions that maximize the efficiency and productivity of our people. Corporate Treasury Manages the firm’s liquidity, funding, capital, and allocation of financial resources to align with the firm’s overall strategy. Engineering Envisions, builds, and deploys industry-leading innovations that drive our business and extend boundaries. Executive Office
- Our Businesses | Goldman Sachs
We are the world’s preeminent investment bank¹, serving the most influential corporations and institutions with financing, advisory services, and liability management. Read More Mergers & AcquisitionsOur #1 ranked M&A team² partners with the world’s most distinguished business leaders, providing unparalleled advice and perspectives and leveraging Goldman Sachs’ global network to seize opportunities and maximize value. arrow\_right\_alt [...] With more than $2 trillion in assets under supervision, our leading global active asset manager with a top alternatives business delivers investment and advisory services across public and private markets for the world’s foremost institutions, financial advisors, and individuals. Visit am.gs.com EquityInvesting in equities in emerging and developed markets using active, bottom-up approaches across fundamental and quantitative strategies open\_in\_new [...] Our premier wealth management franchise harnesses the firm’s global network, unique sourcing capabilities, and deep experience to provide personalized perspectives, advice, and offerings tailored to the unique financial and planning needs of ultra-high net worth individuals, family offices, foundations, executives, and employees.
Wikidata
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Image
Country
Founder
Employees
34,000Located In
Instance Of
Headquarters
Inception Date
1/1/1869
DBPedia
View on DBPediaGoldman Sachs (/ˈsæks/) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by Fortune, primarily due to its high compensation levels, it has also been criticized by its employees for 100-hour work weeks, high levels of employee dissatisfaction among first-year analysts, abusive treatment by superiors, a lack of mental health resources, and extremely high levels of stress in the workplace leading to physical discomfort. The company invests in and arranges financing for startups, and in many cases gets additional business when the companies launch initial public offerings. Notable initial public offerings for which Goldman Sachs was the lead bookrunner include those of Twitter, Bumble, Robinhood Markets. Startups in which the company or its funds have invested include Spotify, Foodpanda, and Dropbox, among others. It is a partner organization of the World Economic Forum.
Location Data
Goldman Sachs, Appasaheb Marathe Marg, वरळी Worli, G/S Ward, Zone 2, Mumbai, Maharashtra, 400025, India
Coordinates: 19.0131145, 72.8289708
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