DeepSeek-led AI to help China’s economic growth but threaten jobs: Goldman Sachs

DeepSeek-led AI to help China’s economic growth but threaten jobs: Goldman Sachs

Goldman Sachs said artificial intelligence (AI) will give a mild lift to China’s economy in the years ahead following the roll-out of home-grown generative AI tools by DeepSeek, but that the technology would have a limited effect on industry while threatening an already turbulent job market.

The New York-based global investment bank said in a research note on Sunday that AI would “start raising potential growth” in China by next year, and by 2030 will have spurred expansion of the…

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https://www.scmp.com/economy/china-economy/article/3298959/deepseek-led-ai-raise-chinas-economic-growth-threaten-jobs-goldman-sachs