--- title: Goldman Sachs puts $500M into small-business AI with... description: Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, launching a new AI institute with Anthropic, Google, Meta and... canonical: https://daily.dev/posts/goldman-sachs-puts-500m-into-small-business-ai-with-four-ai-labs-4s5m9bw2j twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Goldman Sachs puts $500M into small-business AI with four AI labs | daily.dev og:description: Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, launching a new AI institute with Anthropic, Google, Meta and... og:url: https://daily.dev/posts/goldman-sachs-puts-500m-into-small-business-ai-with-four-ai-labs-4s5m9bw2j og:image: https://api.daily.dev/og/posts/4S5m9BW2j.png og:image:alt: Goldman Sachs puts $500M into small-business AI with four AI labs og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Goldman Sachs puts $500M into small-business AI with four AI labs **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, launching a new AI institute with Anthropic, Google, Meta and OpenAI. CEO David Solomon said there's 'very little that we do where we need frontier models,' noting they matter for areas like cybersecurity, defence and drug discovery. Google will offer its Grow with Google AI Professional certificate to almost 20,000 owners and employees, with three months of Google AI Pro at no cost, and Meta will provide tools through Muse for Small Business. A Babson College survey of 2,473 alumni found 86% of owners now use AI, up from 56% in 2024, but 73% of AI users spend less than $100 a month and only 18% use agentic AI. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Does a small business actually need frontier AI models like GPT or Claude's top-tier versions to benefit from AI? No, according to Goldman Sachs CEO David Solomon, who said there's very little a typical business does that requires frontier models. He said frontier models matter mainly for specialized areas like cybersecurity, defense, and health care drug discovery, while most businesses can rely on base AI tools already available to support operations like sales and customer experience. _Weighing which AI tier your workflow actually needs? Track real-world adoption data like this on daily.dev._ ### What percentage of small businesses are actually using AI and how much do they spend on it? 86% of small-business owners surveyed use AI in their business, up from 56% in 2024, according to a Babson College survey of 2,473 alumni of Goldman Sachs' 10,000 Small Businesses programme. Among AI users, 73% spend less than $100 a month and 16% use only free tools. Only 18% use agentic AI, and 84% report no workforce changes from it. _Benchmarking your AI spend against peers? Follow adoption surveys like this on daily.dev._ ## Similar posts on daily.dev - [Helping small businesses put AI to work](https://daily.dev/posts/helping-small-businesses-put-ai-to-work-zpi8yttcx) · OpenAI · 1 upvotes · 0 comments - [Google DeepMind partners with global consultancies to accelerate enterprise AI adoption.](https://daily.dev/posts/google-deepmind-partners-with-global-consultancies-to-accelerate-enterprise-ai-adoption--rqdgxgy2b) · DeepMind · 0 upvotes · 1 comments - [Two-thirds of small firms using AI now build their own tools, Pax8 finds](https://daily.dev/posts/two-thirds-of-small-firms-using-ai-now-build-their-own-tools-pax8-finds-n7ugaqgxe) · The Next Web · 0 upvotes · 0 comments --- Tags: [#openai](https://daily.dev/tags/openai), [#anthropic](https://daily.dev/tags/anthropic) [View this post on daily.dev](https://daily.dev/posts/goldman-sachs-puts-500m-into-small-business-ai-with-four-ai-labs-4s5m9bw2j) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Goldman Sachs puts $500M into small-business AI with four AI labs","url":"https://daily.dev/posts/goldman-sachs-puts-500m-into-small-business-ai-with-four-ai-labs-4s5m9bw2j","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/goldman-sachs-puts-500m-into-small-business-ai-with-four-ai-labs-4s5m9bw2j"},"datePublished":"2026-10-26T12:51:11.237Z","dateModified":"2026-10-26T13:08:22.927Z","description":"Goldman Sachs is putting $500M into the next phase of its 10,000 Small Businesses programme, launching a new AI institute with Anthropic, Google, Meta and...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/3d85833c4a59a7d893984fba9eddd75c?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/3d85833c4a59a7d893984fba9eddd75c?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/goldman-sachs-puts-500m-into-small-business-ai-with-four-ai-labs-4s5m9bw2j","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"openai,anthropic","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Goldman Sachs puts $500M into small-business AI with four AI labs"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/goldman-sachs-puts-500m-into-small-business-ai-with-four-ai-labs-4s5m9bw2j#faq","mainEntity":[{"@type":"Question","name":"Does a small business actually need frontier AI models like GPT or Claude's top-tier versions to benefit from AI?","acceptedAnswer":{"@type":"Answer","text":"No, according to Goldman Sachs CEO David Solomon, who said there's very little a typical business does that requires frontier models. 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