Goldman Sachs is committing $500 million to a new AI institute for small businesses, with Anthropic, Google, Meta and OpenAI providing training, research and access to capital. A Babson College survey found that 86% of respondents now use AI, up from 56% in 2024, but only 15% have fully integrated it into their core operations and 73% of users spend less than $100 per month. David Solomon says AI primarily increases productivity without expanding workforces: 84% of users report no change in staffing, while 56% use the time saved for strategic planning. He argues that frontier models matter most for cybersecurity, defense and healthcare, while small businesses can achieve a strong return on investment with existing tools.
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