Hello there,

I love how AI is becoming a part of our daily lives. Here are some interesting thoughts from Goldman Sachs on how generative AI tools are changing investment space.

Dennis Walsh, Global Co-Head of Quantitative Investment Strategies at Goldman Sachs Asset Management, discusses the impact of generative artificial intelligence tools, such as OpenAI's ChatGPT, on systematic investing. Walsh notes that large language models based on transformer technology, like ChatGPT, have brought about a significant breakthrough by introducing contextual relationships between words and documents. This enables more efficient training of models using extensive data, leading to a notable increase in their power. 

While Walsh sees these developments as evolutionary rather than revolutionary, he emphasizes their role in continually enhancing how investment opportunities are evaluated. He discusses the historical progression of technology in systematic investing, highlighting the shift from structured to unstructured data and the importance of contextual information in forming investment views. 

Walsh views AI as a productivity boost, enabling faster research and potential tools that can streamline strategy design for researchers. He also emphasizes the advantages of having access to the computational resources within Goldman Sachs for training large models.

What is your view on impact generative AI will have on how your company selects and analyses investments?

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Aya Pariy
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AI poised to begin shifting from 'excitement' to 'deployment' in 2024

The shift from the excitement phase into the deployment phase is expected to continue in 2024, eventually helping to raise global productivity and potentially helping address challenges coming from unfavorable demographics in some countries, according to Goldman Sachs Asset Management.

According to Goldman Sachs Asset Management, ndustries that could present an investment opportunity with regards to AI include:

semiconductors
data centers (rising adoption of cloud computing)
cybersecurity
healthcare

This article has been written for educational purposes only.

Has anyone started using AI in their organisations yet and what's your view on how this will impact your day to day jobs?

Original Message:
Sent: 01-12-2023 07:44
From: Aya Pariy
Subject: All things AI

Hello there,

I love how AI is becoming a part of our daily lives. Here are some interesting thoughts from Goldman Sachs on how generative AI tools are changing investment space.

Dennis Walsh, Global Co-Head of Quantitative Investment Strategies at Goldman Sachs Asset Management, discusses the impact of generative artificial intelligence tools, such as OpenAI's ChatGPT, on systematic investing. Walsh notes that large language models based on transformer technology, like ChatGPT, have brought about a significant breakthrough by introducing contextual relationships between words and documents. This enables more efficient training of models using extensive data, leading to a notable increase in their power. 

While Walsh sees these developments as evolutionary rather than revolutionary, he emphasizes their role in continually enhancing how investment opportunities are evaluated. He discusses the historical progression of technology in systematic investing, highlighting the shift from structured to unstructured data and the importance of contextual information in forming investment views. 

Walsh views AI as a productivity boost, enabling faster research and potential tools that can streamline strategy design for researchers. He also emphasizes the advantages of having access to the computational resources within Goldman Sachs for training large models.

What is your view on impact generative AI will have on how your company selects and analyses investments?

------------------------------
Aya Pariy
------------------------------