similar to what the personal computer and internet did in the 1980's and 1990's, respectively.
"I do think the introduction of large language models [and] artificial intelligence, is going to create a productivity boom that we've only seen a few times in the last 75 years," Jones said, adding that the stock market could ultimately see average annualized gains of 15%. Goldman Sachs also has a bullish view on the impact of AI on the economy, arguing in a recent note that
"Generative AI can streamline business workflows, automate routine tasks and give rise to a new generation of business applications," Goldman Sachs said.
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