Goldman Sachs

On 19 November, according to Business Inners, Goldman Sachs analysts in a recent study noted that the potential benefits of Wall Street to AI technology had been reflected in stock market valuations well in advance. Analysts warn that investors are often at risk of “excessive push” and “unsustainable profit” in the face of a wave of innovation. Goldman Sachs predicts that AI is expected to generate about $8 trillion in additional revenue for American businesses, ranging from $5 trillion to $19 trillion, without a specific time frame. Meanwhile, since ChatGPT was launched, AI..

On October 15, according to Bloomberg, Goldman Sachs Group Inc. has informed staff that a new round of layoffs is expected this year, as the Bank seeks to further reduce costs across business sectors and take full advantage of the opportunities offered by artificial intelligence technology. An aide-mémoire issued to employees on Tuesday morning indicated that the New York-based company had indicated that it would “control the growth of its personnel by the end of the year” and planned to “restricted part of its posts” on a company-wide basis. But the spokesman of Goldman Sachs, Jennifer Zukarelli..

July 11 (Bloomberg) -- Goldman Sachs is testing an autonomous software engineer developed by artificial intelligence startup Cognition, according to a CNBC report today, with Goldman Sachs technology chief Marco Argenti telling the media outlet that the first AI programmer is expected to join Goldman's 12,000 human developers soon. The world's first AI programmer, named Devin, caused quite a stir in the tech world when it was released last year, with developer Cognition claiming to have created the world's first AI software engineer, with a demo video showing the ...

Recently, Goldman Sachs analyst Peter Oppenheimer triggered a sharp reaction in the market by releasing a report about a significant drop in OpenAI's ChatGPT traffic. This was also reported by the Financial Times, which made many investors start to worry about the prospects of AI-related stocks. However, all of this was actually due to a cheap mistake Goldman Sachs made when analyzing the data. Goldman Sachs used data from Similarweb, but ignored the fact that OpenAI recently changed its domain name from chat.openai.com to chatgpt.c...

Goldman Sachs, a world-renowned investment bank, recently questioned the return on investment in artificial intelligence (AI). Although major companies and investors are spending billions of dollars on AI research and development, Goldman Sachs is concerned about whether such a huge investment can really bring rich returns. Image source Pexels Currently, the training cost of the LLM large language model we use (such as GPT-4o) is as high as hundreds of millions of dollars, and the training cost of the next generation of models is expected to soar to $1 billion. Venture capital giant Sequoia Capital (Sequoia Cap…

According to Goldman Sachs' forecast, the artificial intelligence (AI) boom will further drive the stock market and will involve three major areas. The first stage has passed, and companies represented mainly by Nvidia have achieved great success in the field of AI. Next, the AI boom will enter the second stage, the AI infrastructure stage. This stage covers semiconductor companies, cloud service providers, data center real estate investment trusts (REITs), hardware and equipment companies, security software stocks, and utility companies. Goldman Sachs has identified 93 eligible companies, including ARM Holdings PLC, which holds the largest stake in ARM Holdings PLC.

Marco Argenti, chief investment officer of financial giant Goldman Sachs, said in an interview looking ahead to 2024 that the year will focus mainly on "hybrid" AI and applications built on large language models. He emphasized that "hybrid AI" will become the dominant trend, in which large models act as the "brain" to interpret prompts and user needs, or as orchestrators of planning tasks, assigning tasks to multiple working models dedicated to specific tasks, similar to ChatGPT. Source Note: Image generated by AI,…