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Goldman Sachs Revisits Top 2024 Themes: Generative AI Leads the Pack
Jun 5, 2024 6:47 AM - Parth Sanghvi
Image credit: Annie Spratt
Goldman Sachs has analyzed the market landscape and identified their top 10 investment themes for 2024. Here's a look at the first theme:
Theme 1: The Rise of Generative AI
- Generative AI's disruptive potential: Goldman Sachs sees Generative AI as a game-changer, potentially transforming both consumer and enterprise computing. Its impact could be as significant as previous major internet shifts like the transition from desktop to mobile.
- Impact on Stock Prices: Technology companies are already experiencing stock price fluctuations based on their perceived adoption of Generative AI.
- Key Players:
- Infrastructure Layer: Google and Amazon are seen as leaders in providing the cloud computing power needed for Generative AI.
- AI Model/Platform Layer: Goldman Sachs believes only a few companies, primarily Google, Microsoft, and Meta Platforms, have the resources to compete effectively due to the immense scale required.
- Emerging Opportunity: The Application Layer: While the focus has been on infrastructure and platforms, Goldman Sachs predicts 2024 will see a rise in impactful Generative AI applications across various aspects of the consumer internet.
This is just the first of Goldman Sachs' top 10 themes. Stay tuned for more insights!
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