The rise of AI isn't just a tech story.
It could have profound implications for energy markets, for geopolitics, and to better understand all this,
I'm sitting down today with Jared Cohen, who is our president of Global Affairs,
and co-head of the Goldman Sachs Global Institute.
Jared, welcome back to the program.
Always a pleasure to have you.
So, Jared, we have had a lot of discussions on this program about the many ways that AI is shaping markets,
the many ways that it could shape industries and economies, but you're focused on what it could shape even beyond that.
Why is this an issue for the US?
So, look, when it comes to AI, there's a lot of known unknowns, right?
Will it be open-weighted models, over-closed models that win out?
Will the use cases ever justify the enormous spend?
Who will be the winners and losers?
These are all very interesting questions.
None of them are urgent.
There's a very urgent question right now, which is the one that I'm focused on,
which is if AI software has to run on AI hardware, somewhere,
can the US maintain a leadership position when it comes to generative AI?
And the answer comes down to a larger question about whether or not the infrastructure can be built to keep a pace with the demand.
And the punchline is the US can maintain that leadership position.