"Goldman Sachs Identifies AI's Unlikely Historical Precedent and Top Beneficiaries for Long-Term Investment"

Goldman Sachs' chief global equity strategist, Peter Oppenheimer, draws parallels between the current AI boom and the 18th-century canal revolution, highlighting two key lessons for investors. He emphasizes that while AI's impact on the economy may be quicker due to existing technologies, the long-term winners may not be the AI-specific companies but those utilizing the technology to develop new products and services. Drawing from history, he advises investors to diversify their holdings and proceed with caution when picking winners and losers during periods of technological revolution.