AI shift is still in 'very early stages,' Goldman Sachs exec says

As artificial intelligence and large language models continue to gain traction, tech companies are investing heavily in this technology. To discuss the outlook for this sector, Goldman Sachs Asset Management Global Head of Client Portfolio Luke Barrs joins Catalysts.
Barrs highlights the profound impact of AI, stating that it is "transformational" and consistently changes productivity and dynamics across various industries. He notes that some tech companies are pouring significant resources into AI development, investing "every dollar they can find" to maintain their competitive edge and "stay ahead of the pack." However, as more companies unveil their AI capabilities and cost-effective solutions, Barrs anticipates heightened competition and shifts in market dynamics.
"I think the very short answer is we're still at the very early stages of this transformation, especially in the public market context," Barrs told Yahoo Finance.

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