NEW YORK / LONDON (IT BOLTWISE) – Investment in artificial intelligence (AI) is reaching new heights, and experts are optimistic that this boom is sustainable. Goldman Sachs predicts up to $8 trillion in potential that could be unlocked through AI productivity gains. Despite concerns about a possible bubble, analysts see the investments as stable and forward-looking.
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The discussion about a possible bubble in the field of artificial intelligence (AI) is viewed by leading analysts as unfounded. Experts from Goldman Sachs, JPMorgan and Wedbush believe the growth in AI investments is sustainable and offers long-term opportunities. The Nasdaq 100, a technology-focused index, shows markets have confidence in the future of AI, up 18% this year.
Hemant Taneja, CEO of venture capital firm General Catalyst, emphasizes that bubbles channel capital and talent into new trends, which can lead to lasting and world-changing companies. Despite the fact that many AI startups, including OpenAI and Anthropic, are not yet profitable, they have already reached a collective valuation of $1 trillion.
Goldman Sachs predicts that investing in AI productivity gains could unlock up to $8 trillion in potential. Investment in AI currently represents less than 1% of US GDP, which is considered low compared to previous technology cycles. Analysts expect capital spending on AI to increase massively in the coming years.
JPMorgan analysts expect data center investments by AI hyperscalers to grow by 60% and 30%, respectively, over the next few years. These investments are being driven by major companies such as Google, Amazon, Microsoft and Meta, which will invest $300 billion this year alone.
Wedbush’s Daniel Ives, a well-known AI proponent, reports huge demand for the latest NVIDIA GPUs. He estimates the demand to supply ratio at 10:1, which shows how early the AI revolution is. These developments suggest that the AI industry still offers a lot of potential for growth and innovation.
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