16 days ago
can you post the correct link in the comments?
this appears to be a redirect away from static assets.
looks like you've got to go here or their systems will mess you around: https://www.goldmansachs.com/insights/top-of-mind/gen-ai-too...
16 days ago
16 days ago
The recent JP morgan "Eyes on the Market" report on the AI boom is a better alternative to this.
16 days ago
From 2024
16 days ago
June 2024
16 days ago
Phew. Things are completely different now.
16 days ago
I take Goldman Sachs reports like this as a strong signal to buy.
16 days ago
16 days ago
The banker wankers got it completely wrong
16 days ago
The title is click bait. 3 of the 5 people interviewed were optimistic and one of the pessimists is an MIT professor, not a goldman analyst. The rest of it is market outlooks from 2024 for chips and power that don't seem that far off.
16 days ago
yeah, no.
Here is the original quote from their head of equity stratigy ..
AI technology is exceptionally expensive, and to justify those costs, the technology must be able to solve complex problems, which it isn’t designed to do. - Jim Covello
“complex problem” isnt an objective standard, and some rando GS "stratigist of equities" certainly doesn’t get to define it .. reality already disagrees with him .. and plenty of real usecases show AI solving interesting non-trivial problems ..
15 days ago
Reality doesn't disagree with him in that the ROI is still not here yet. Maybe the coming replacement of software engineers will start to ramp up equity gains due to productivity, but it's real hard to get there by replacing your receptionists and lowest tier of support personnel.
16 days ago
> plenty of real usecases show AI solving interesting non-trivial problems ..
Such as? Generating tons of spam? Generating tons of boilerplate code (which shouldn't have been necessary if the industry haven't been valuing coders' fungibility above development time)? Adult content is probably the only usecase so far that isn't automating away what should never be done in the first place.
16 days ago
> Adult content is probably the only usecase so far that isn't automating away what should never be done in the first place.
AI models are making porn. I there are "nudify" apps (basically undress social media pics) and a rush to ban them.
16 days ago
you're conflating “usecases I don’t like” with “no usecases”
15 days ago
It's not about whatever I like them or not. It is about "will it pay for itself"?
15 days ago
Nah, that’s not how you started with your response. And regardless you and that articles thesis is playing out wrong ;)
16 days ago
Nah, seems increasingly accurate. Spend keeps going up, successful projects in production not so much.
16 days ago
lack of visibility != lack of deployment
15 days ago
Companies all quietly agrees to stop talking about their successes. Right.
15 days ago
Yes. Right.lol
16 days ago
16 days ago
They’ve gotten it wrong since 2008. GS couldn’t even figure out the credit card business.