What advanced AI means for China’s economic outlook The emergence of new artificial intelligence models in China could drive faster development and adoption of the technology in the country than previously projected, according to Goldman Sachs Research. Should AI gain traction, it could boost productivity and GDP growth in the world’s second-largest economy. China’s AI advancement has accelerated since our researchers examined, in 2023, the potential impact of generative AI on the...

AI to drive 165% increase in data center power demand by 2030 The explosion in interest in generative artificial intelligence has resulted in an arms race to develop the technology, which will require many high-density data centers as well as much more electricity to power them. Goldman Sachs Research forecasts global power demand from data centers will increase 50% by 2027 and by as much as 165% by the end of...

China’s AI development could speed up AI adoption The launch of three new Chinese generative artificial intelligence models sent shockwaves through the tech sector. The share price of a basket of AI-related stocks in the US dropped 10% in the first two days of this week. The development highlights the sheer amount of capital that’s been invested in AI by US technology giants so far, as well as the investment that will...