Technology Driving Innovation
The Long & Short Of It: The AI Investment Landscape
The hype surrounding artificial intelligence, or AI, is "well deserved" as a growing number of companies use AI to tap their own proprietary data assets, says Goldman Sachs Investment Banking's Jung Min, who has already seen the technology start to shape the M&A landscape. Bolstered by the need to build an AI competency, companies are hiring teams of AI scientists and acquiring data assets. Min expects mature corporations, rather than startups, to derive the most value from AI given their volume of historical data – data that is highly valuable to draw conclusions and predict future outcomes in AI models.