Since the November release of ChatGPT, a breakthrough generative artificial intelligence tool,

investor interest in generative AI technology has searched.

Technology stocks have substantially outperformed,

driving the sizable equity market rally in the first half of the year.

But is this technology truly transformative or overhiked?

I'm Allison Nathan, and this is Goldman Sachs exchanges.

On this special episode we're breaking down the hype around generative AI that was the topic of our most recent top-of-mind report

now available on G.S.com. We dig into the disruptive potential of Generative AI technology

and whether it warrants the current investor enthusiasm.

We speak with Sarah Guo, founder of AI focused venture capital firm Conviction, Gary Marcus,

Professor Emeritus of Psychology and Neural

Science at New York University, and Goldman Sachs's

Equity Research Analysts, Cash Wangen and Eric Sheridan,

who cover the US software and internet sectors.

We first asked Rangan and Guo about what differentiates generative AI technology from previous

developments in AI. Rangan explains that the technology's ability to create new content using natural

language prompts are its two key transformative features. What is it about

this technology? That is so exciting. What is different about generative AI is that it can generate, it can generate content,

can generate code, and content can be text content, it can be video content,

it can be image content, and we've not been able to do that before

using natural language commands that intersection of using natural language commands

English to generate these types of content we're talking about has never been done before and

...