Generative AI is poised to transform nearly every industry, sector, and job function.

So how are companies and investors preparing for these transformative shifts?

Investors, both public and private, are thinking about how do I invest into the infrastructure that's going to develop and power AI into the future.

And I think our clients, both investing and corporate clients, they're really thinking about how if you're a leader in one of those layers,

what else do you need to think about in terms of where you invest or where you might make acquisitions

across the different layers

in order to position for the future.

I'm Allison Nathan, and this is Goldman Sachs exchanges. The rapid rise in adoption of

rise in adoption of generative AI is spurring companies of all sizes

to rethink their strategic plans for growth.

To help explain how Gen AI is reshaping the M&A and deal-making landscape,

I'm sitting down with investment banking's Matt Lucas,

who's joining me in the studio,

and Jungmin, who's joining us remotely from San Francisco.

Jung and Matt will also be discussing findings from the just released GS report called

Navigating the AI era.

Jung Mac, welcome to the program.

Great to be here.

Thank you.

So both of you sit within the technology, media, and telecom,

or what we call TMT group within our investment banking business,

which is really where much of the excitement around

...