The Goldman Sachs Group (GS) is seeing an intriguing new way to play the artificial intelligence (AI) boom, shifting attention from the chipmakers and infrastructure providers that have dominated the trade toward companies that can use AI to cut labor costs while lifting productivity.
Following Q2 earnings, Goldman refreshed its AI Productivity Beneficiaries basket after screening Russell 1000 companies for two traits that could make AI especially valuable. They were high labor costs relative to sales and significant exposure of their wage bills to AI automation.
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In here, CoStar Group (CSGP) topped the ranking, making it the standout name in Goldman’s productivity-focused basket. Goldman estimates that 37% of CoStar’s wage bill faces exposure to AI automation, while labor costs account for 31% of sales, giving the company an average sector ranking of 97%.
These figures make the productivity argument rather hard to ignore, especially since CoStar has already started putting AI to work across its operations. During Q2 FY2026, CoStar launched CoStar Rent Benchmark, a tool built from four million AI-abstracted lease agreements, while its Apartments.com AI recorded more than 500,000 AI sessions within weeks of release.
Users spent nearly three times longer per session while viewing twice as many listings, giving CoStar a promising early read on AI-driven engagement. CEO Andrew Florance said the company is already seeing more cost savings from AI than increases from token costs. So, let’s take a closer look at what puts CoStar ahead.
About CoStar Stock
Headquartered in Arlington, Virginia, CoStar is a global provider of real estate data, analytics, digital marketplaces, and technology solutions. Commanding a market cap of $12.7 billion, its portfolio includes CoStar, LoopNet, Homes.com, Apartments.com, Ten-X, Land.com, and BizBuySell.
These platforms help professionals research properties, study markets, manage portfolios and leases, and facilitate transactions, giving the company a broad footprint across the real estate industry.
