Note:ThefollowingisaredactedversionoftheoriginalreportpublishedSeptember5,2024[34pgs].PORTFOLIOSTRATEGYSEPTEMBER5,20245:00AMBSTGLOBALSTRATEGYPAPERNO.70PeterOppenheimerAI:Tobuy,ornottobuy,thatisthequestion+44(20)7552-5782peter.oppenheimer@gs.com•Thetechnologysectorhasgenerated32%oftheGlobalequityreturnandGoldmanSachsInternational40%oftheUSequitymarketreturnsince2010.Thishasreflectedstrongerfundamentalsratherthanirrationalexuberance.ThetechsectorGuillaumeJaissongloballyhasseenEPSrisec.400%whileallothersectorstogetherhave+44(20)7552-3000achievedc.25%fromthepeakpre-GFC.guillaume.jaisson@gs.comGoldmanSachsInternational•Theintroductionoftransformativetechnolo...