PANews reported on October 17 that according to the Wall Street Journal, Goldman Sachs (GS.N) is stepping up its efforts to enter the hot market of data center and other infrastructure financing in an effort to capture a larger share of the artificial intelligence boom. People familiar with the matter revealed that Goldman Sachs is establishing a dedicated team within its global banking and markets division to focus on global infrastructure financing, which includes both increasing lending in this area and finding investors for this debt. This move is driven by a new wave of multi-billion dollar transactions involving artificial intelligence data centers, their huge energy needs, and the financing of processing units that support AI development. The new team will also focus on traditional infrastructure construction or upgrade projects in developed and emerging markets. In addition, the new team will be responsible for raising funds for renewable energy and certain types of liquefied natural gas projects, as well as providing financing for military and other equipment related to rising defense spending in various countries.