Goldman Sachs analyst Peter Oppenheimer says the global economy is on the brink of a new "super cycle" driven by artificial intelligence (AI) and decarbonization, which marks a departure from the previous super cycle of the 1980s.
Interest rates aren't falling aggressively, and geopolitical risks are increasing. The AI boom, led by triple-digit gains in the stock prices of some tech companies, is expected to continue to influence markets as the technology becomes more widespread.
He argues tech firms in the lead of the AI boom are relatively cheap compared to past tech bubbles and believes the trend will have a significant impact on economic growth in the years ahead.
On decarbonization, he notes that as global physical demands change, economies are being pushed to modernize. This shift towards decarbonization is expected to drive economic growth.
Overall, his analysis suggests that the factors that fueled the previous super cycle are no longer as influential. The new drivers have the potential to spur a period of significant expansion. (Press Run 01/09/24) Goldman Sachs analyst predicts AI and decarbonization will drive new economic 'super cycle' (pressrundown.com)
* The Biden administration recently announced the "Better Contracting Initiative" aims to achieve better terms for the federal government when purchasing goods and services in response to "historically high margins" being garnered by contractors. The Office of Management and Budget will implement a centralized data management strategy to improve inter-agency sharing of price, vendor, and contract information. National Defense
* The General Services Administration is calling for applications to fill four seats on the Federal Secure Cloud Advisory Committee. Established by the Federal Advisory Committee Act, FSCAC is tasked with providing the GSA administrator and the Federal Risk and Authorization Management Program board with guidance regarding the government's adoption of cloud technologies. Read More
* The Department of Defense’s key artificial intelligence effort, Project Maven, is poised to meaningfully move forward this year and potentially begin contracting activity after officially becoming a program of record at the National Geospatial-Intelligence Agency in November. Dive into Project Maven and hear Rachael Martin speak at the Potomac Officers Club’s 5th Annual AI Summit on March 21. Register here to save your spot. Read More
No comments:
Post a Comment