Goldman Sachs Group, China's Ping An and others have invested $72.5 million in H20.ai, a silicon valley artificial intelligence startup. The startup aims to bring AI capabilities to companies that otherwise do not have the time or other necessary resources to develop the AI edge that is soon becoming the norm in the industry. Sri Ambati, the founder, wants to make it easier for data scientists to make great models. They allow the customer to create 'recipes' that can be used to automate the process of building, training and deploying models.

According to Erdit Hoxha, Goldman's head of European equity trading, the outcomes that have been observed by Goldman Sachs, using H2O, so far are reassuring which has further helped them decide to employ H2O AI, covering the entire trading level for market making. 

Wells Fargo, NVIDIA Corp, and Nexus Partners were already invested with the company. So far, having raised a total of $147 million, the company aims to use the fresh infusion of funds to expand its sales base and to build a broader suite of products.