Goldman Sachs to let AI make investment choices in Japan- Nikkei Asian Review
Goldman Sachs Asset Management will launch a fund on 24 February that uses AI to make investment decisions in Japan. Known as "GS global big data investment strategy", the tool will scan data to select about 200 stocks in advanced economies. Major Japanese brokerages, including SMBC Nikko Securities, will sell the product. Although Goldman Sachs has sold AI-driven investment trusts in the US and Europe since 2008, its Japan launch follows competitors such as Mitsubishi UFJ Kokusai Asset Management. Goldman Sachs' global AI funds returned 5.8% in the past year and 28.1% in the past three years, the company said.
TOKYO -- Goldman Sachs Asset Management is bringing an investment trust to Japan that uses artificial intelligence to make decisions.

The product will be introduced on Feb. 24. Goldman's AI processor will sort through huge amounts of data to select promising investment targets, according to the U.S. asset manager.