Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Goldman Sachs enters tech race with AI-powered social media platform By: FOX Business May 15, 2023 at 12:01 PM EDT Goldman Sachs unveiled a new AI-powered social media platform, named Louisa, aimed at facilitating corporate connections for employees. Goldman Sachs broke into the tech industry Monday, unveiling a new AI-powered social media platform focused on competing with networking platforms like LinkedIn.Sachs has used the program – named Louisa – internally for more than two years. The system used artificial intelligence to inspect a company's employee database and recommend professional connections to those who are likely to benefit from working together."Think of Louisa as an A.I.-powered LinkedIn on steroids," Rohan Doctor, Louisa's CEO and founder, said in an announcement. "We have smart profiles and a smart network, and Louisa reads millions of articles a week from 250 providers and begins connecting people."Doctor argues that companies lose out on billions of dollars every year in missed opportunities simply because their employees are limited by their networks.MASSIVE AMOUNTS OF FUNDS REPORTEDLY POURED INTO APPLE HIGH-YIELD SAVINGS ACCOUNTS UPON ROLLOUTDoctor had the idea for the platform after landing a major deal between Sachs and an insurance company. He stated that the origin of the deal was largely "dumb luck.""The real answer was serendipity, happenstance," he said, according to CNBC. "It was dumb luck that me and another guy got thirsty at the same time, go to a [bar] in London and start exchanging information."GOLDMAN SACHS RESHUFFLES EQUITIES UNIT EXECUTIVES AFTER TOP TRADER MONTESANO'S EXITDoctor says his company is currently working only with Sachs and a handful of other companies before expanding to a wider audience. The platform currently has some 25,000 monthly active users.He went on to argue that an AI-powered social platform is a solution for workforces that have been fractured by remote and hybrid work.CLICK HERE TO GET THE FOX BUSINESS APP "The way it used to be done if you had a question, you’d lean back on a crowded trading floor and ask around," he said, according to CNBC. "Hybrid is here to stay, even at places that don’t want it, and asking around no longer works." Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Goldman Sachs enters tech race with AI-powered social media platform By: FOX Business May 15, 2023 at 12:01 PM EDT Goldman Sachs unveiled a new AI-powered social media platform, named Louisa, aimed at facilitating corporate connections for employees. Goldman Sachs broke into the tech industry Monday, unveiling a new AI-powered social media platform focused on competing with networking platforms like LinkedIn.Sachs has used the program – named Louisa – internally for more than two years. The system used artificial intelligence to inspect a company's employee database and recommend professional connections to those who are likely to benefit from working together."Think of Louisa as an A.I.-powered LinkedIn on steroids," Rohan Doctor, Louisa's CEO and founder, said in an announcement. "We have smart profiles and a smart network, and Louisa reads millions of articles a week from 250 providers and begins connecting people."Doctor argues that companies lose out on billions of dollars every year in missed opportunities simply because their employees are limited by their networks.MASSIVE AMOUNTS OF FUNDS REPORTEDLY POURED INTO APPLE HIGH-YIELD SAVINGS ACCOUNTS UPON ROLLOUTDoctor had the idea for the platform after landing a major deal between Sachs and an insurance company. He stated that the origin of the deal was largely "dumb luck.""The real answer was serendipity, happenstance," he said, according to CNBC. "It was dumb luck that me and another guy got thirsty at the same time, go to a [bar] in London and start exchanging information."GOLDMAN SACHS RESHUFFLES EQUITIES UNIT EXECUTIVES AFTER TOP TRADER MONTESANO'S EXITDoctor says his company is currently working only with Sachs and a handful of other companies before expanding to a wider audience. The platform currently has some 25,000 monthly active users.He went on to argue that an AI-powered social platform is a solution for workforces that have been fractured by remote and hybrid work.CLICK HERE TO GET THE FOX BUSINESS APP "The way it used to be done if you had a question, you’d lean back on a crowded trading floor and ask around," he said, according to CNBC. "Hybrid is here to stay, even at places that don’t want it, and asking around no longer works."
