Industry expectations for autonomous vehicles range from optimism about imminent breakthroughs to pessimism that self-driving cars will ever hit the road on a wide scale. | www.goldmansachs.com
The explosion in interest in generative artificial intelligence has resulted in an arms race to develop the technology, which will require many high-density data centers as well as much more electricity to power them.| www.goldmansachs.com
As power needs ramp up, the efficiency gains of data center infrastructure are beginning to slow, according to Davenport, a US utilities research analyst in Goldman Sachs Research. “Growth from AI, broader data demand, and a deceleration of power efficiency gains is leading to a power surge from data centers,” she writes.| www.goldmansachs.com
The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and asset and wealth management firm that provides a wide range of financial services.| www.goldmansachs.com
How much can AI improve productivity?| www.goldmansachs.com
Which companies will benefit the most from the ongoing growth of the creator economy? The platforms that are best positioned to attract both influential creators and a larger share of the total spending are those that will offer multiple forms of monetization, according to Goldman Sachs Research. But the analysts also cite six key enablers for creating a “flywheel effect” in which small gains build on each other over time and create further growth momentum:| www.goldmansachs.com
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. | www.goldmansachs.com
On average, a ChatGPT query needs nearly 10 times as much electricity to process as a Google search. In that difference lies a coming sea change in how the US, Europe, and the world at large will consume power — and how much that will cost. | www.goldmansachs.com
At the same time, advances in AI are expected to have far-reaching implications for the global enterprise software, healthcare and financial services industries, according to a separate report from Goldman Sachs Research. With well-known tech giants poised to roll out their own generative AI tools, the enterprise software industry appears to be embarking on the next wave of innovation, after the development of the internet, mobile and cloud computing transformed the ways we operate as a society.| www.goldmansachs.com
