Gen AI: too much spend, too little benefit?

The article from the Goldman Sachs Research Newsletter questions whether the anticipated trillion-dollar investment in generative AI technology will yield significant returns, as analysts like MIT's Daron Acemoglu and GS's Jim Covello express skepticism over AI's current capabilities to solve complex problems, suggesting only limited economic upside. Meanwhile, others like GS's Joseph Briggs and Kash Rangan remain optimistic about AI's long-term potential to boost productivity and profitability, despite current concerns about chip shortages and the strain on power infrastructure, indicating a divided outlook on AI's future impact on industries and economies.

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