Goldman Sachs has launched a new artificial intelligence platform, which is expected to bring significant efficiency gains according to Marco Argenti, a key executive at the firm. However, there are concerns about the overall return on investment (ROI) for AI technologies. An internal analysis by Goldman Sachs suggests that the productivity gains outside of coding are modest, and the firm has no immediate plans to allocate more budget to AI initiatives. The analysis also raises the question of whether the current spending on AI is justified given the potentially underwhelming returns. The genAI platform is part of a broader ~$trillion bubble, and there are concerns about 'too much spend, too little benefit' in the AI craze.
➡️ According to Goldman Sachs, the ROI for AI investments may be underwhelming, as reported in a recent analysis. https://t.co/hljfSVLDqv
Goldman Sachs says the return on investment for AI might be disappointing https://t.co/bvlWe4A4Oa
Goldman Sachs: Is there "too much spend, too little benefit" in AI craze? https://t.co/OaJZj6ALEf https://t.co/WUZK69w3yc
From my interview with @marcoargenti, Goldman Sachs expects to see major efficiency gains from its new artificial intelligence platform https://t.co/I06VyGG4i5
Anyone using Goldman's internal genAI platform? Article reads as if productivity gains (outside of coding) are modest - no special plans to allocate more budget to AI? genAI ~$trillion bubble? (Revenues will take a long time to catch up with capex...) https://t.co/72UmwUvY5y