In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Goldman Sachs (NYSE: GS) generates vast amounts of cash. For instance, Goldman reported a quarterly operating cash flow of $51.351 billion and a quarterly operating cash flow of $39.452 billion on 31 December 2019.
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Therefore, Goldman Sachs increasingly views itself as an engineering company rather than a traditional investment bank. Current engineering projects at Goldman include cryptocurrency and Marcus an artificial intelligence (AI) that offers saving accounts and personal loans.
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