US AI investment to deliver returns despite open-source Chinese rivals: Goldman Sachs

US tech giants are set to shake off the competition from cheap, open-source Chinese artificial intelligence models as investments in infrastructure drive down token costs and fuel a wave of demand for agentic AI, according to Eric Sheridan, co-head of tech, media and telecoms research at Goldman Sachs. Instead of an AI bubble, US tech leaders are standing at a pivotal “inflection point” where the arrival of economically productive agentic AI tools has provided early vindication of the industry’s...