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Goldman Sachs Global Macro Research: Gen AI: too much spend, too little benefit [pdf] (2024)

• AlexC04 9mo 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-much-spend-too-little-benefit https://www.goldmansachs.com/insights/top-of-mind/gen-ai-too...
  • deleted 9mo ago
    [deleted]
• deadbishop 9mo ago
  From 2024
• piker 9mo ago
  June 2024
  • ares623 9mo ago
    Phew. Things are completely different now.
• gyanchawdhary 9mo ago
  The banker wankers got it completely wrong
  • deleted 9mo ago
    [deleted]
  • lotsofpulp 9mo ago
    They’ve gotten it wrong since 2008. GS couldn’t even figure out the credit card business.
  • nateglims 9mo 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.
    • gyanchawdhary 9mo 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 ..
      • tliltocatl 9mo 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.
        • gyanchawdhary 9mo ago
          you're conflating “usecases I don’t like” with “no usecases”
          • tliltocatl 9mo ago
            It's not about whatever I like them or not. It is about "will it pay for itself"?
            • gyanchawdhary 9mo ago
  • badgersnake 9mo ago
    Nah, seems increasingly accurate. Spend keeps going up, successful projects in production not so much.
    • gyanchawdhary 9mo ago
      lack of visibility != lack of deployment
      • badgersnake 9mo ago
        Companies all quietly agrees to stop talking about their successes. Right.
        • gyanchawdhary 9mo ago
          Yes. Right.lol
• biophysboy 9mo ago
  The recent JP morgan "Eyes on the Market" report on the AI boom is a better alternative to this.
• deleted 9mo ago
  [deleted]
• lostmsu 9mo ago
  I take Goldman Sachs reports like this as a strong signal to buy.