Welcome to our dedicated page for Goldman Sachs Group news (Ticker: GS), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs Group stock.
The Goldman Sachs Group, Inc. (NYSE: GS) generates frequent news across investment banking, markets, asset management and alternative investments, making its news flow relevant for investors and market observers. Company disclosures via Form 8-K highlight quarterly and annual earnings, segment performance for Global Banking & Markets, Asset & Wealth Management and Platform Solutions, and updates on business segment changes and strategic decisions such as the planned transition of the Apple Card program to a new issuer.
News involving Goldman Sachs Asset Management and Goldman Sachs Alternatives illustrates the firm’s role as an investor in private markets. Recent announcements describe growth equity and alternatives-led investments in technology and AI-focused companies, insurance and cybersecurity platforms, customer engagement and software delivery businesses, as well as backing for battery energy storage developers and mixed-income real estate projects. These stories show how Goldman Sachs participates in financing across sectors such as enterprise software, energy infrastructure, real estate and financial technology.
Other news items reference the Urban Investment Group within Goldman Sachs Asset Management, which supports urban development and community-focused projects, and highlight distribution partnerships that expand access to private markets evergreen funds, including a Goldman Sachs real estate diversified income fund. Together, these updates provide insight into how Goldman Sachs deploys capital through its alternatives platform and asset management franchise.
On this GS news page, readers can follow earnings announcements, segment updates, capital markets transactions, alternative investment activity and partnerships involving Goldman Sachs. Regular visits can help track how developments in its core segments and in Goldman Sachs Alternatives relate to broader trends in investment banking, securities dealing, asset and wealth management and private markets investing.
GridStor has begun construction on its 220 MW, 440 MWh battery facility in Galveston County, Texas. The Hidden Lakes Reliability Project is expected to start operations in summer 2025. The project aims to stabilize the power grid and meet peak demand in the greater Houston area. Located near an existing TNMP substation, the 15-acre site is currently undergoing preparation and foundation work.
The project will provide significant economic benefits, including tens of millions of dollars in tax revenue and up to 100 full-time jobs during construction. Once operational, it will enhance the resilience of the Texas electric grid by participating in the ERCOT electricity market. GridStor, backed by Goldman Sachs Asset Management, focuses on developing battery facilities in regions experiencing high energy demand and grid instability.
Alterome Therapeutics announced that Goldman Sachs recognized Eric Murphy, Ph.D., CEO and co-founder of Alterome, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit. Dr. Murphy has over 20 years of experience in small molecule oncology research and has contributed to multiple approved precision oncology drugs.
Alterome has advanced two lead programs from concept to clinic in less than 3 years, raising $231 million to support clinical testing of ALTA2618, the first AKT1 E17K selective inhibitor, and ALTA3263, a novel KRAS-specific inhibitor. The company focuses on developing next-generation, small molecule targeted therapies for cancer treatment.
Goldman's Builders and Innovators Summit, now in its 13th year, is a gathering for Founders and CEOs of high-growth companies, featuring sessions led by entrepreneurs, academics, and business leaders.
Jay Vijayan, Founder and CEO of Tekion, has been recognized by Goldman Sachs (NYSE:GS) as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit. This marks the third consecutive year Jay has received this honor. Tekion is revolutionizing the automotive retail sector with its cloud-native platform, which includes Automotive Retail Cloud (ARC), Automotive Enterprise Cloud (AEC), and Automotive Partner Cloud (APC).
Under Jay's leadership, Tekion has grown from a small tech startup to the preferred platform provider for major automotive retailers and manufacturers. The company's platform connects the entire automotive retail ecosystem, using cutting-edge technology, big data, machine learning, and AI to enhance customer experiences. Jay, with over 20 years of experience in technology leadership, previously held executive roles at Tesla, VMware, and Oracle.
Goldman Sachs (NYSE:GS) has recognized Jeremy Levine, CEO and Founder of Underdog Fantasy, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit. This marks Levine's second consecutive year receiving this honor. Under Levine's leadership, Underdog Fantasy has rapidly become one of the fastest-growing sports gaming and media companies in the U.S., climbing to fourth in U.S. downloads in sports gaming this NFL season.
Underdog has also developed one of the most-watched media content networks in the industry. The company's success is attributed to its innovative approach to creating new games for sports fans. The Goldman Sachs Builders and Innovators Summit, now in its 13th year, brings together founders and CEOs of high-growth companies for general sessions and clinics led by experienced entrepreneurs, academics, and business leaders.
Goldman Sachs (NYSE: GS) has recognized Abhinav Shashank, cofounder and CEO of Innovaccer, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Shashank leads Innovaccer, a San Francisco-based healthcare AI company focused on leveraging technology to address global healthcare challenges.
Under Shashank's leadership, Innovaccer has become a national leader in population health management and CRM, earning over 40 awards and 100+ analyst recognitions. The company aims to make healthcare more customer-centric and value-driven, using technology to enhance engagement and outcomes.
Shashank expressed gratitude for the recognition and emphasized Innovaccer's commitment to transforming healthcare and restoring the joy of care. He has also been recognized in several other prestigious lists, including Modern Healthcare 40 Under 40 and Fortune India 40 Under 40.
Goldman Sachs (NYSE:GS) has recognized Gary Wojtaszek, Chief Camper & Founder of RecNation, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. RecNation is the largest specialized RV and Boat Storage owner and operator in the country, with 66 locations across eight states. Wojtaszek founded RecNation after identifying an underserved market for specialized storage facilities for recreational vehicles and boats.
The Goldman Sachs Builders and Innovators Summit, now in its 13th year, is a prestigious gathering for Founders and CEOs of high-growth companies. The event features general sessions and clinics led by experienced entrepreneurs, academics, and business leaders. RecNation, founded in 2020, has strategic partnerships with WOJO Capital Partners, and Centerbridge Partners, L.P., and aims to become the leading national platform for recreational and marine storage needs.
Goldman Sachs (NYSE:GS) is recognizing Mahe Bayireddi, CEO and Co-founder of Phenom, as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Bayireddi is honored for his visionary approach to AI in HR, leading Phenom to become a key player in the global AI ecosystem.
Under Bayireddi's leadership, Phenom has developed advanced natural language processing and machine learning models for personalized job recommendations, created proprietary ontologies for skills gap analysis, and integrated GenAI into HR workflows. Bayireddi has also spearheaded skills-based hiring and talent development, establishing the benefits of a skills-based talent strategy for global organizations.
Phenom has been recognized as one of Inc. 5000's fastest-growing private companies for five consecutive years. The Builders and Innovators Summit, now in its 13th year, brings together founders and CEOs of high-growth companies to share insights on various topics, including geopolitics, capital access, and storytelling.
GrubMarket CEO Mike Xu has been recognized by Goldman Sachs as one of the Most Exceptional Entrepreneurs of 2024 at their annual Builders and Innovators Summit. Under Xu's leadership, GrubMarket has developed innovative solutions like GrubAssist, an AI enterprise assistant, WholesaleWare, an AI-powered ERP software, and Orders IO, a mobile eCommerce solution.
The company has experienced significant growth, acquiring Brothers Produce, the largest foodservice company in Texas, and Good Eggs, a leading U.S. online grocery company. GrubMarket was also named to the CNBC Disruptor 50 list for the second consecutive year.
Xu expressed gratitude for the recognition, emphasizing the team's dedication to transforming the food supply chain. Goldman Sachs CEO David Solomon highlighted the importance of recognizing trailblazers like Xu at the Summit, which brings together rising entrepreneurs and seasoned business leaders to discuss building enduring companies that reshape industries through innovation.
Avenzo Therapeutics, a clinical-stage biotechnology company, announced that Goldman Sachs (NYSE:GS) has recognized its Co-founder, President and CEO, Athena Countouriotis, M.D., as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Dr. Countouriotis, who co-founded Avenzo in 2022, has over 20 years of industry experience and previously led Turning Point Therapeutics through its IPO and acquisition by Bristol Myers Squibb for $4.1 billion.
The Goldman Sachs Builders and Innovators Summit, now in its 13th year, is a prestigious gathering for Founders and CEOs of high-growth companies. David Solomon, Chairman and CEO of Goldman Sachs, praised Dr. Countouriotis for building an impressive and growing business. The two-day event features general sessions and clinics led by experienced entrepreneurs, academics, and business leaders.
Goldman Sachs (NYSE:GS) has recognized OneRail Founder & CEO Bill Catania as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Catania, a start-up entrepreneur focused on developing real-time technology networks, founded OneRail, a last mile omnichannel fulfillment solution. He was previously the founder and CEO of M-Dot Network, which was acquired by Inmar, Inc. in 2011.
OneRail has grown from manually dispatching deliveries to a fully automated system handling 250,000+ deliveries per day across 400 cities in North America. The company has been recognized in several Gartner reports, including the 2024 Hype Cycle for Supply Chain Execution Technologies and the 2024 Market Guide for Last Mile Delivery Technology Solutions.
The Goldman Sachs Builders and Innovators Summit, now in its 13th year, brings together founders and CEOs of high-growth companies for general sessions and clinics led by experienced entrepreneurs, academics, and business leaders.
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