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Goldman Sachs Puts $500M Toward Small Business Growth, Launches AI Institute with Tech Gaints

Goldman Sachs Small Business AI Institute logo on a blue background.
October 23, 2026 06:18 PM IST | Written by Supriya Singh | Edited by Pratima O Pareek

Goldman Sachs has launched the Small Business AI Institute in partnership with OpenAI, Anthropic, Google and Meta to help entrepreneurs across the US adopt artificial intelligence (AI), as part of a new $500 million commitment to support another 10,000 small businesses.

As part of the initiative, the Institute will develop a learning series with Anthropic on applied AI for small businesses, organize hands-on workshops for Goldman Sachs’ ‘10,000 Small Businesses’ alumni, and collaborate on research into small business AI use.

In addition, the Institute will work with Google to deliver its ‘Grow with Google AI Professional Certificate’ to almost 20,000 small business owners and their employees, including three months of no-cost access to Google AI Pro.

Meta will collaborate with the Institute to help entrepreneurs access AI tools and training through Muse for Small Business. The Institute is also partnering with OpenAI to deliver tailored AI workshops across the country through the programme’s community college partners

“We believe AI will create the greatest boom in entrepreneurship and small businesses that the world has ever seen,” said Sam Altman, co-founder and CEO of OpenAI.

Ruth Porat, president and chief investment officer of Alphabet and Google, said the partnership would put practical tools and training into the hands of nearly 20,000 entrepreneurs to help them prepare for the future.

According to Goldman Sachs, the Institute will focus on three key pillars: delivering high-quality AI education to small business owners across the country, publishing research on AI use by small businesses, and supporting AI-enabled expansion of access to capital for small businesses.

Dina Powell McCormick, president and vice chairman of Meta, said the company was pleased to join the Institute and continue bringing the benefits of superintelligence to small business owners.

“AI is the first technology that can finally close that gap, and Anthropic is committed to making sure those gains reach startups and family businesses, not just large enterprises,” said Daniela Amodei, co-founder and president of Anthropic.

Also Read: Dubai Targets Agentic AI Adoption with Training for Over 14,000 Firms

Authors

  • AI FrontPage Reporter Supriya Singh

    Supriya Singh is a Reporter at AI FrontPage covering the AI & Education and AI & Jobs beats. She brings six years of print and digital experience, including three years at The Asian Age, where she reported on higher education, Delhi government, and crime. She is based in Delhi-NCR.

    LinkedIn
  • Pratima Pareek, Editor and Co-founder of AI FrontPage

    Pratima O Pareek is an Editor and Co-Founder of AI FrontPage. A gold medalist in Mass Communication and Journalism, she's worked across national and international newsrooms, bringing sharp editorial instincts and a commitment to clarity. She believes in cutting through the noise to deliver stories that actually matter.
    Off the clock, she watches offbeat cinema, follows tennis, and explores new places like a traveler, not a tourist.

    LinkedIn

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