Cointime

Download App
iOS & Android

Goldman Sachs Report Predicts Global AI Investment Could Reach $200 Billion in Less Than Two Years

According to a new report by Goldman Sachs, global investment in artificial intelligence could reach $200 billion in less than two years, potentially boosting the overall economy. The report highlights the economic potential of generative AI, a subsector of AI that creates new content based on large language models. By 2025, AI investment could account for up to 4% of US GDP and 2.5% of GDP in other nations investing in the technology. However, significant upfront investment in physical, digital, and human capital will be required for large-scale transformation to occur.

Comments

All Comments

Recommended for you

  • OpenAI will stop supporting national APIs starting July 9

    On June 25th, according to Jinshi's report, some developers received a letter from OpenAI stating that "based on data, your organization has API traffic from regions that OpenAI currently does not support. From July 9th, additional measures will be taken to stop API usage from countries and regions not on OpenAI's supported list."
  • Xu Zhengyu: Hong Kong plans to publish a policy declaration on the application of AI in the financial market, with an open and inclusive attitude

    Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, revealed that the government will release a policy statement later this year, outlining its policy stance and direction on the application of artificial intelligence (AI) in the financial market. Hui mentioned that the development of AI has become an important trend in the world, and as an international financial center, Hong Kong must consider its impact on the financial industry. Hong Kong maintains an open and compatible attitude towards the application of AI.
  • Saudi Arabia plans to invest US$40 billion in AI

    The Saudi government plans to create a fund of about $40 billion for investing in artificial intelligence. The $40 billion target will dwarf the typical financing scale of American venture capital firms. In recent weeks, representatives of the Saudi sovereign wealth fund have discussed possible partnerships with top Silicon Valley venture capital firms such as the Anderson Horowitz Fund and other financiers. They cautioned that plans may still change. According to four insiders, Saudi representatives have mentioned to potential partners that the country is seeking support for a range of tech startups related to artificial intelligence, including chip manufacturers and expensive, large data centers that are increasingly necessary for the development of next-generation computing. Saudi Arabia is even considering starting its own artificial intelligence company.
  • The AI ​​craze in the encryption field has driven the Bittensor subnet registration fee to soar to $6.7 million, a monthly increase of 10,000%

    As the hype around artificial intelligence (AI) in the cryptocurrency field continues to rise, the cost of registering a subnet on the Bittensor network has skyrocketed to $6.7 million, with a monthly increase of 10,000%. Just last month, the cost of registering a subnet was 100 TAO, or $53,000, but as of yesterday it had reached 10,127 TAO ($6.7 million).
  • AI robot company Figure completed US$675 million in financing at a valuation of US$2.6 billion, with participation from Microsoft and others

    AI robot company Figure completed a financing round of $675 million with a valuation of $2.6 billion. This round of financing was participated by Microsoft, OpenAI Startup Fund, NVIDIA, Jeff Bezos (through Bezos Expedition), Parkway Venture Capital, Intel Capital, and Align Ventures.
  • Sam Bankman-Fried's perspective on FTX fall

    Sam Bankman-Fried testified in court this week, denying any wrongdoing between FTX and Alameda Research despite admitting “big mistakes."
  • Google Launches $20 Million Digital Futures Project to Study Responsible AI Technologies

    Google and its philanthropic arm, Google.org, have launched the Digital Futures Project with a $20 million investment in grants to leading think tanks and academic institutions around the world. The project aims to study responsible artificial intelligence (AI) technologies and address issues of fairness, bias, misinformation, security, and the future of work. The initiative will support researchers, organize convenings, and foster debate on public policy solutions to encourage the responsible development of AI.
  • "Time" magazine released TIME100 AI for the first time: Zeng Yi, Musk and Sam Altman, academicians of the Chinese Academy of Sciences, were selected

    Golden Finance reported that TIME magazine announced the first "TIME100 AI" list of the most influential people in the field of artificial intelligence today, which introduces the 100 most influential figures in the field of artificial intelligence, including Chinese Academy of Sciences academician Zeng Yi, OpenAI founder Sam Altman, Google DeepMind founder Demis Hassabis, a16z co-founder Marc Andreessen, Innovation Works CEO Li Kaifu, and Elon Musk was also selected as the founder of artificial intelligence company xAI.
  • AI Tool Ideogram AI Completed a $16.5 Million Seed Round, Led by a16z and Index Ventures

    August 23rd, generative AI tool Ideogram AI completed a $16.5 million seed round of financing, led by a16z and Index Ventures, with participation from AIX Ventures, Golden Ventures, Two Small Fish Ventures, and others. Ideogram AI's mission is to help people become more creative through generative artificial intelligence. It is developing the most advanced AI tools to make creative expression easier, more fun, and more efficient. 
  • Encryption Fund MT Capital Received $10 Million Investment From BM Fund, a Canadian Family Office

    BM Fund, a well-known family office in Canada, announced a $10 million investment in MT Capital. Momentum Capital (MT Capital for short) is a native cryptocurrency fund headquartered in the San Francisco Bay Area. It was initiated by multiple senior investors who entered the cryptocurrency industry early, and the main team members have invested in many well-known projects. Carmen, the founder of BM Fund, said: "MT Capital's partner Eason has achieved significant returns for us in many previous collaborations. His professional investment vision is an important reason why we decided to invest in Momentum Capital during the bear market."