fp.

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•40m 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 ..

badgersnake•1h ago

Nah, seems increasingly accurate. Spend keeps going up, successful projects in production not so much.

gyanchawdhary•22m ago

lack of visibility != lack of deployment

biophysboy•1h ago

The recent JP morgan "Eyes on the Market" report on the AI boom is a better alternative to this.

lostmsu•43m ago

I take Goldman Sachs reports like this as a strong signal to buy.