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A TL;DR of the Goldman-Sachs AI Criticism
(lemmy.world)
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this post was submitted on 15 Jul 2024
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Fuck AI
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Okay, yes true. But have you considered that Big Number Go Up? Do you really want to miss the boat on this massive speculative opportunity?
That's probably why Goldman Sachs is against AI all the sudden: They didn't invest much in it and now everyone else is reaping gains in the stock market that they failed to take advantage of.
Goldman was strongly bullish on Microsoft in mid-2023, right before it went on a historical run, precisely because they had enormous faith in the OpenAI project. This is a huge heel turn relative to their multi-billion dollar investment in the company from last year.