“Before retiring from top-tier investment bank Goldman Sachs, Marty Chavez, the firm’s tech evangelist, predicted that it will be as important for traders to know how to code as “writing an English sentence.” About 75% of Citi’s trading activities were conducted electronically in 2019. One of the largest expenditures at the banks is technology. They…
Tag: Goldman Sachs
Goldman Rolls Out New ETFs Focused On Artificial Intelligence
“Move over, plain-vanilla passive investing. The machines are taking over. The latest evidence: On Thursday, Goldman Sachs Group Inc. launched five new exchange-traded funds that rely on indexes built with machine learning and artificial intelligence. The New York investment bank is working with Motif Investing Inc. to identify companies that fit with broad themes that…