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The generative world order: AI, geopolitics, and power
Generative AI will transform technology, markets, and the global balance of power. A year after the release of ChatGPT, we are beginning to see how. In this swiftly evolving arena, corporate and political leaders alike are seeking to decipher the implications of an abrupt and powerful wave of innovation, exploring new opportunities and navigating new risks.
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AI infrastructure stocks are poised to be the next phase of investment
The economic potential of AI has helped lift the stock market to new highs. A key question for investors is what happens next as the AI rally broadens to involve more companies, according to Goldman Sachs Research.
George Lee in Conversation with Tony Pasquariello: The AI Revolution
George Lee, Co-Head of the Office of Applied Innovation, joined Tony Pasquariello, Global Head of Hedge Fund Coverage, on the Breaks of the Game podcast to discuss the AI revolution — where we are in the cycle, what’s the sentiment among consumers and enterprises, and what are some of the concerns and bottlenecks.
The global market for humanoid robots could reach $38 billion by 2035
The worldwide market for humanoid robots is forecast to be bigger than analysts in Goldman Sachs Research expected even a year ago. The prospects for machines that help with everything from folding laundry to handling hazardous waste have improved as progress in artificial intelligence accelerates and investment in the sector grows faster than anticipated.
Humanoid robot: The AI accelerant
Goldman Sachs Research has updated its forecasts for the market for humanoid robots. Their findings include estimates for the global market for humanoid robots, the sector’s capacity to reduce labor shortages, and the hurdles to realizing those estimates.
A new generation of AI tools and models is emerging
The emergence of generative artificial intelligence (AI) is moving much more quickly than previous technology waves. It took years for companies to find the right mix of on-premises and cloud-based computing seen in today’s hybrid cloud, for example. But Goldman Sachs Chief Information Officer Marco Argenti expects we are already on the cusp of a hybrid AI ecosystem that will help companies exploit the opportunities generative AI presents.
The generative world order: AI, geopolitics, and power
Generative AI will transform technology, markets, and the global balance of power. A year after the release of ChatGPT, we are beginning to see how. In this swiftly evolving arena, corporate and political leaders alike are seeking to decipher the implications of an abrupt and powerful wave of innovation, exploring new opportunities and navigating new risks.
NVIDIA CEO Huang urges faster AI development—to make it safer
At a time when some are calling for a pause on the development of generative artificial intelligence, Jensen Huang, founder and CEO of NVIDIA, has an argument for accelerating the work: AI advances are going to provide tools to better understand the technology and to make it safer, Huang said in a discussion with Goldman Sachs Asset Management.
BlackRock’s Tony Kim on the ‘dawn of a new intelligence era’
In a conversation moderated by Goldman Sachs’ Michael Brandmeyer, BlackRock’s Tony Kim, head of tech sector fundamental equities, shares his views on the technology ecosystem, public and private valuations, and the impact of artificial intelligence and quantum computing.
AI may start to boost US GDP in 2027
Generative artificial intelligence has the potential to automate many work tasks and eventually boost global economic growth: Goldman Sachs Research forecasts AI will start having a measurable impact on US GDP in 2027 and begin affecting growth in other economies around the world in the years that follow.
What big tech's earnings can tell us about AI, rates and future volatility
The largest companies in both tech and overall market cap are reporting earnings this week and next. Peter Callahan, our US technology, media, and telecommunications sector specialist in Global Banking & Markets, breaks down what this tells us about the tech sector and health of the US economy.
How to unlock an AI-driven M&A supercycle
The changes that generative artificial intelligence promises to bring to many industries will likely drive a supercycle of mergers and acquisitions, according a report from Goldman Sachs Global Banking & Markets. But a number of things may need to be in place before M&A takes off.
General Catalyst CEO Hemant Taneja on mission-driven investing, health assurance, and AI’s transformation advantage
General Catalyst CEO Hemant Taneja shares his insights on the venture capital landscape, society’s digital transformation, and the firm’s mission-based approach to investing in the latest episode of Goldman Sachs Exchanges: Great Investors.
How generative AI tools are changing systematic investing
The generative artificial intelligence (AI) tools that have captured the public imagination this year have also created significant advances for systematic investing, says Dennis Walsh, global co-head, Quantitative Investment Strategies (QIS), Goldman Sachs Asset Management.
Tech companies are investing in growth
After a period of cost cutting and layoffs — and buoyed by generative AI tailwinds — software and internet companies are starting to invest for growth, say Goldman Sachs Research’s Eric Sheridan and Kash Rangan on this episode of Goldman Sachs Exchanges.
Why AI stocks aren’t in a bubble
The explosion of interest in artificial intelligence this year has fueled a major rally in technology stocks, with a concentrated group of large US companies leading the market higher. This slate of “early winners,” including makers of semiconductors needed to build AI technology and cloud service providers with the computing infrastructure to commercialize it, returned roughly 60% through the first eight months of 2023, according to Goldman Sachs Research.
What the booms in electricity and internet show about AI
As investors look to understand how the boom in generative artificial intelligence may play out, lessons from the adoption of electricity and the internet may offer insight into how AI innovation will filter through financial markets, according to Goldman Sachs Research.
What generative AI could mean for cybersecurity
How will the rise of AI shift the cybersecurity landscape? Brook Dane, portfolio manager with Goldman Sachs Asset Management, separates the signal from the noise.
AI investment forecast to approach $200 billion globally by 2025
Innovations in electricity and personal computers unleashed investment booms of as much as 2% of U.S. GDP as the technologies were adopted into the broader economy. Now, investment in artificial intelligence is ramping up quickly and could eventually have an even bigger impact on GDP, according to Goldman Sachs Economics Research.
Generative AI: hype, or truly transformative?
Investor interest in generative AI technology has surged. But is the hype and market pricing around the technology warranted? In this episode of Goldman Sachs Exchanges, Conviction’s Sarah Guo, NYU’s Gary Marcus and Goldman Sachs Research’s Kash Rangan and Eric Sheridan discuss the technology’s disruptive potential.
EUV-made semiconductor chips will enable the next wave of AI
Advances in extreme ultraviolet lithography (EUV) — a technology some experts did not think would work in production just a few years ago—are transforming computer chip making. These technological gains are poised to help push today’s $600 billion global semiconductor industry to $1 trillion by the end of the decade, powering artificial intelligence (AI), high-end computing, and autonomous driving, among other advances, according to Alexander Duval, lead analyst for Europe tech hardware and semiconductors for Goldman Sachs Research.
Generative AI: hype, or truly transformative?
Since the release of OpenAI’s generative AI tool ChatGPT in November, investor interest in generative AI technology has surged. The disruptive potential of this technology, and whether the hype around it—as well as market pricing—has gone too far, is Top of Mind.
Former IBM CEO Rometty says AI focus should be on people and building trust
Artificial intelligence is evolving so quickly that established companies are rushing to jump on board and stake their futures on it. But doing so could also pose a risk to their reputations if they are not thoughtful, says Ginni Rometty, former chairman, president, and chief executive officer of IBM.
Keller Rinaudo Cliffton, CEO and Co-founder of Zipline
In a conversation with Ryan Nolan, managing director in the TMT group and global co-head of Software in Goldman Sachs Investment Banking, Keller Cliffton, CEO and co-founder of Zipline, talks about the company’s mission to reimagine worldwide logistics, the complexities of scaling new hardware systems, and why they launched Zipline’s services in Rwanda first.
How much could AI boost US stocks?
As investors debate the merits of generative artificial intelligence, a key question is what it could mean for the stock market.
Why the AI-driven tech rally has legs
Investor enthusiasm for artificial intelligence has driven equity markets higher, but does the current rally have legs? In this week’s Markets podcast from Goldman Sachs Exchanges, Sung Cho, co-head of Tech Investing for Fundamental Equity in Goldman Sachs Asset Management, explains the factors and outlook for the sector.
AI may favor big tech incumbents
As businesses seek to tap the promise of generative artificial intelligence, the large incumbent technology companies may stand to gain the most, according to Goldman Sachs Research.
Ginni Rometty, former Chairman, President and CEO of IBM
In a conversation with Goldman Sachs CEO David Solomon, Ginni Rometty, Former Chairman, President and CEO of IBM, discusses her time leading IBM, the principals behind her book “Good Power", the importance of skills-first hiring and IBM’s work with OneTen.
Bill Gates on the AI revolution and how it will change education
Bill Gates doesn’t think any one company will dominate AI, but he does see at least one big opportunity that’s ripe for the taking.
OpenAI co-founder says international cooperation is needed as we move toward 'superintelligence’
For OpenAI co-founder and president Greg Brockman it’s not only time to start thinking about artificial intelligence and products like his own company’s ChatGPT text-based AI, but also the move toward even more potent systems and technology.
How Artificial Intelligence is Accelerating Innovation in Healthcare
Healthcare — one of the largest sectors of the U.S. economy — is among the many industries with significant opportunities for the use of artificial intelligence (AI) and machine learning (ML), says Salveen Richter, lead analyst for the U.S. biotechnology sector at Goldman Sachs Research.
What Will Generative AI Mean for Jobs?
The rise of generative AI has sparked a lot of questions about the future of work. Joseph Briggs of Goldman Sachs Research separates the signal from the noise.
AI Could 'Revolutionize' Human Knowledge, Goldman's Marco Argenti Says
The impact of advances in generative artificial intelligence on society could be comparable to the printing press, according to our Chief Information Officer Marco Argenti.
Embracing Generative AI to Unlock Value
In this episode of The Insight, Matt Lucas, a managing director in the technology, media and telecom group, discusses the potential for generative AI to transform society and the global economy. His clear message for companies? Understand and invest in AI today so you can identify value capture opportunities in the future.
Stability AI CEO Says AI Will Prove More Disruptive Than the Pandemic
"We figured out how to make humans scale," Emad Mostaque, founder and CEO of Stability AI, told an audience at Goldman Sachs 2023 Disruptive Technology Symposium in London.
Are We on the Cusp of a Generative AI Revolution?
As new artificial intelligence technologies, such as ChatGPT, capture the public’s imagination, are we at a tipping point in technological advancement — or is this the next bubble? In this episode of Exchanges at Goldman Sachs, Goldman Sachs Research’s Eric Sheridan, head of Internet coverage, and Kash Rangan, head of software coverage, discuss the technologies and investment implications, as well as the challenges and opportunities in the space.
Timo Boldt, Founder and CEO, Gousto
Timo Boldt, Founder and CEO of Gousto, discusses the evolution of the recipe-kit space in the UK, how he’s using artificial intelligence to build an industry-leading customer proposition, and his focus on reducing emissions in the food industry.
Humanoid Robots: Sooner Than You Might Think
Robots are making their first tentative steps from the factory floor into our homes and workplaces. In a recent report, Goldman Sachs Research estimates a $6 billion market (or more) in people-sized-and-shaped robots is achievable in the next 10 to 15 years. Such a market would be able to fill 4% of the projected US manufacturing labor shortage by 2030 and 2% of global elderly care demand by 2035.
Eric Schmidt, The Artificial Intelligence Revolution
During the Goldman Sachs Systematic Investing Conference, former Alphabet chair Eric Schmidt discusses the future of AI – from the impact of voice on the healthcare industry to advisory applications in finance. He also emphasizes the cloud as a cybersecurity safeguard and gives his advice for aspiring leaders. Watch Video
Ken Griffin, How Talent and Technology Are Shaping the Markets
During the Goldman Sachs Systematic Investing Conference, Ken Griffin, founder and chief executive officer of global investment firm Citadel, discusses why balancing the influx of new technology with the “power of the human mind” is critical for better decision-making in the financial markets and beyond. Watch Video
Deborah DiSanzo, Solving the World’s Health Problems of the Future
Deborah DiSanzo, general manager of IBM Watson Health, discusses how technology is disrupting the healthcare industry and potentially reshaping the doctor-patient relationship.