Goldman Sachs Bets $500 Million on Small Business AI as 86% of Firms Use It
Goldman Sachs is putting $500 million behind a bet that Main Street, not just Silicon Valley, will decide how far AI spreads in the American economy. On October 22, the bank announced a new Small Business AI Institute, built with Anthropic, Google, Meta and OpenAI, to train entrepreneurs and help them put AI to work in their companies. The timing isn’t an accident. A Goldman survey released with the announcement found that 86% of small businesses in its program now use AI, up from 56% in 2024. That’s the headline number. The harder one sits right behind it: only 15% of those surveyed say AI is fully integrated into their core operations. ...