Goldman Sachs (GS) Tech Banker Lee Thinks AI Will Have a Big Impact on Chipmakers

NEW YORK (TheStreet) — The internet revolution came faster than many expected. Another technological surge, spearheaded by machine learning and artificial intelligence, may be coming soon. Goldman Sachs (GS) Technology, Media and Telecom Group Co-Chair George Lee thinks that the two growing fields will have a major impact on chip manufacturers. “There’s a bit of a replatforming going on, because in order to deliver that insight, you need technology that allows you to manage data at scale. You need potentially new chip architectures that help you run in an extremely parallel way to make those computations faster and better and smarter,” he said Wednesday on CNBC’s “Squawk Alley.” “There’s a lot of change in the compute stack that will help accommodate this revolution.” The full implications of what machine learning…


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