Goldman Sachs has launched an S&P ex-AI index, SPXXAI, which that lets you invest in the S&P 500 benchmark index minus all things AI. Why it matters: This product is proof of the demand among investors for a way to hedge their exposure to the AI trade. What they're saying: "Excluding 'AI enablers' from the passive benchmark would eliminate the noise introduced by the AI hype," Louis Miller, head of the firm's equity custom basket desk, wrote in a note to clients about the new index. The ex-AI i...