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A TL;DR of the Goldman-Sachs AI Criticism (lemmy.world)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 4 months ago (1 children)

That's probably why Goldman Sachs is against AI all the sudden: They didn't invest much in it and now everyone else is reaping gains in the stock market that they failed to take advantage of.

[–] [email protected] 6 points 4 months ago

They didn’t invest much in it

Goldman was strongly bullish on Microsoft in mid-2023, right before it went on a historical run, precisely because they had enormous faith in the OpenAI project. This is a huge heel turn relative to their multi-billion dollar investment in the company from last year.