Goldman Sachs: AI can breathe new life into American industry

The American Bank Goldman Sachs thinks that artificial intelligence can start stagnating productivity in American industry. In a report to investors, the bank mentions the rapid rise of generative AI and robotics as the most important hope of recovery.

Only this can save America

According to economists from the bank, including Joseph Briggs, it is not the rates for foreign goods that will save the American manufacturing industry. “An acceleration of innovation, possibly due to recent developments in robotics and generative AI, is the most likely means to break the long -term stagnation in productivity growth,” writes the analyst team.

The statements of Goldman Sachs are at odds with President Trump’s policy, who recently again argued for higher rates on Chinese imports. According to him, they would ensure that more production returns to the United States. But according to Goldman, that is not very realistic.

“The production costs in other countries are still far below the American level for most goods, even if you include the rates,” said the bank. According to analysts, China remains a dominant exporter thanks to low costs and strong government support.

Automation is the key

According to Goldman, the key is in automation of factories. Briggs: “This is one of the technologies that can lead to productivity growth in a cost -effective way. But we are not seeing it on a large scale.”

The United States is already investing in chip factories and renewable energy, but the modernization of traditional industries is lagging behind. If the American industry wants to compete with low -cost countries like China in the long term, then that gap will have to be closed quickly, says Goldman.

Although the report does not make a direct link with Bitcoin, investors follow developments around artificial intelligence and productivity with great interest. According to some analysts, a more efficient US economy can eventually ensure stronger growth, more investments and also have implications for the value of assets such as Bitcoin.

In principle, the bitcoin benefits course from a strong American economy. If the American or global economy shrinks, then it is unlikely that Bitcoin can realize a bull market.