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.
Goldman Sachs Group announced this week the acquisition of Neos Investments for up to $2.25 billion. The transaction will be completed through a combination of cash and stock, according to a press release.
Funds advised by Apax Partners have agreed to sell Tosca, a global provider of reusable asset pooling and logistics solutions for the food supply chain, to Infrastructure at Goldman Sachs Alternatives.
