Goldman Sachs: generative AI will greatly improve Musical composition ability

Tech 2023-07-05 12:43:26 Source: Network

According to a recent report released by investment bank Goldman Sachs, generative AI will promote fundamental changes in the music industry and provide "significant opportunities" for the industry. Goldman Sachs believes that generative AI will greatly improve Musical composition ability and productivity

According to a recent report released by investment bank Goldman Sachs, generative AI will promote fundamental changes in the music industry and provide "significant opportunities" for the industry. Goldman Sachs believes that generative AI will greatly improve Musical composition ability and productivity. Meanwhile, the younger generation will pay more attention to performers through social media, which will also drive the growth of the music industry.

Goldman Sachs previously reported that with the breakthrough of AI technology, it is expected that 300 million jobs worldwide will be replaced by generative AI, with lawyers and administrative personnel being the most affected. It is expected that professions with higher physical requirements or outdoor occupations, such as construction and maintenance work, will be less affected.

Meanwhile, Goldman Sachs also estimated in its report that generative AI may increase global GDP by 7% over the next 10 years, with productivity growth of 1.5% over the same period. The potential market for generative AI is $150 billion.

Generative technologies like GPT can test code written by developers, or developers can test code written by GPT, which is a mutually beneficial symbiosis that I believe is very important. The important thing is that we never want machines to replace developers, but to empower them to improve productivity, "said Mark Argenti, Chief Information Officer of Goldman Sachs Group in the United States.

But there are also people who hold a cautious attitude towards the current development of the AI industry. For example, Charlie Munger, a famous American investor, once warned that AI is not omnipotent, and there is a lot of hype.

"I think AI is very important, but now there is a lot of crazy hype about this topic. AI will not help us cure cancer, it can not do everything we want to do. And now there is a lot of nonsense about AI. So my view of all AI now is that it is a mixed bag." Charlie Munger said.

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