SMFG and SBI to sell Goldman bond fund with AI tool

SMFG and SBI to sell Goldman bond fund with AI tool SMFG and SBI to sell Goldman bond fund with AI tool

TOKYO — Japan’s Sumitomo Mitsui Financial Group and SBI Holdings will offer an investment trust to the public starting next month that targets Goldman Sachs bonds and uses artificial intelligence to manage other assets.

The Japanese financial groups seek to raise 100 billion yen ($662 million) for the fund, which will have a minimum investment of 10,000 yen.