Recent policy announcements in China highlight new government efforts to raise birth rates. For investors, this suggests an improving outlook among dairy and infant formula companies that have sales in China, according to Goldman Sachs Research. It also creates a positive storyline for companies outside Asia that make ingredients for infant nutrition. The policy developments include a March 13 announcement by leaders in Hohhot, Inner Mongolia’s…
On average, a ChatGPT query needs nearly 10 times as much electricity to process as a Google search. In that difference lies a coming sea change in how the US, Europe, and the world at large will consume power — and how much that will cost. For years, data centers displayed a remarkably stable appetite for power, even as their workloads mounted. Now, as the pace of efficiency gains in…
A tide of investment is pouring into generative artificial intelligence. Will it be worth it? “That’s the center of all debate right now,” says Sung Cho of Goldman Sachs Asset Management. Investment is flowing into everything from the silicon underpinning the training of artificial intelligence models to the power companies that supply electricity to acres of data centers. To see where the industry is headed, Cho and Brook…