As artificial intelligence technologies such as chat, gee-tee, capture the public's imagination,

are we at a tipping point in technological advancement, or is it just another fad?

I think every product you touch on the consumer side

is going to have more AI in it in the next six to 12 months that it did in the last five years.

I think that's doing to speed up a lot of adoption of products,

improve a lot of efficiency on consumer habits, so we're pretty excited about

AI becoming more deeply embedded and pretty much every consumer

internet product in the next 12 to be in Boston.

I'm Allison Nathan and this is exchanges at Goldman Sachs. There seems to be a bright spot in the tech industry which is otherwise facing a tough economic climate and massive layoffs.

It's known as generative AI, of which the poster child is chat,

GPT, and the company behind it, open AI.

To understand these technologies,

the investments, and the challenges and opportunities

in the space, I'm sitting down with my colleagues

in Goldman Sachs Research, Eric Sheridan,

head of our internet coverage,

and Cash Rungan, head of our internet coverage, and Cash Rungan, head of our software coverage.

Eric Cash, welcome to the program.

Thank you for having us, super excited.

Let's dive into this fascinating topic.

ChatGPT is the most visible of these new AI technologies.

So just to level set, why is there so much excitement over it

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