Source GS Paper: The promise of generative AI technology to transform companies, industries, and societies continues to be touted, leading tech giants, other companies, and utilities to spend an estimated $1tn on capex in coming years, including significant investments in data centers, chips, other AI infrastructure, and the power grid. But this spending has little to show for it so far beyond reports of efficiency gains among developers. And even the stock of the company reaping the most benefits to date— Nvidia—has sharply corrected. We ask industry and economy specialists whether this large spend will ever pay off in terms … Continue reading Goldman Sachs: GEN AI: TOO MUCH SPEND, TOO LITTLE BENEFIT?