How AI could impact geopolitics – Goldman Sachs Exchanges

How AI could impact geopolitics – Goldman Sachs Exchanges — Transcript

Market views

Bullish

GPUMAKERS— US-made GPUs are critical for AI infrastructure development globally, with their allocation requiring US government approval. This suggests continued dominance and high demand for US GPU manufacturers in the AI landscape.
MIDEAST— The Middle East is well-positioned to accommodate AI infrastructure development due to cheap energy access, abundant land, and the ability to build massive infrastructure quickly.
PROTECT— Protectionist policies in US-China relations are expected to intensify regardless of which party is in power, suggesting a trend towards increased trade restrictions and economic nationalism.
AIEFF— China is focusing on an efficiency renaissance in AI development, aiming to capture efficiencies in energy use and model performance, which could lead to significant advancements.
NUCLEAR— China is making massive investments in nuclear power, which could be significant for AI infrastructure development.

Bearish

DEMOCRACIES— Democratic countries may face challenges in AI infrastructure development due to complicated domestic political issues, particularly regarding baseload power, potentially putting them at a disadvantage in the AI race.

Not investment advice.