上月，来自全球各地的逾百名年轻富豪——包括创始人、继承人与行业领袖——齐聚美国科罗拉多州奢华的山区小镇阿斯彭。在高盛年度“掌舵人峰会”上，这些富裕客户体验了海豹突击队式的俯卧撑训练，与财富大师萨希尔·布鲁姆（Sahil Bloom）交流了理财心得，并与敏迪·卡灵共商财富传承之道。但最引人瞩目的议题，无疑是直面那个“房间里的大象”：人工智能。
从担心岗位被自动化取代而焦虑不安的上班族，到奋力追赶竞争对手的科技公司CEO，人工智能已成为全民关注的议题。这是一个价值2800亿美元的行业，它让Anthropic的达里奥·阿莫迪（Dario Amodei）等领军者身价飙升至数十亿美元，并彻底颠覆了我们的职业与个人生活方式。因此，出席高盛年度峰会的富豪客户们自然全神贯注。与会者多为三四十岁的精英，均来自高盛私人财富管理（PWM）部门，该部门平均账户规模超过7500万美元，他们齐聚一堂，畅谈对人工智能的焦虑与期待。
在为期三天的峰会期间，参会者与高盛高管们探讨了关于人工智能的一切——从最具盈利潜力的投资，到该技术对环境的影响，再到其革新各行各业的潜力。然而，在热议最火热的AI初创企业和最新突破的同时，高盛必须澄清一个关键问题：尽管OpenAI的首席执行官萨姆·奥尔特曼（Sam Altman）和Meta的马克·扎克伯格（Mark Zuckerberg）将当前形势与互联网泡沫时期相提并论，但这家市值2380亿美元的投行明确表示，我们并未陷入人工智能泡沫。
“我们确实讨论了市场状况，以及我们是否认为当前处于泡沫之中，”高盛旧金山私人财富管理部门区域主管布列塔尼·博尔斯·穆勒（Brittany Boals Moeller）告诉《财富》杂志。“我们认为当前并非泡沫期，并且我们对此保持着密切关注。”
“人工智能领域会存在赢家与输家吗？答案是肯定的。部分领域的估值无疑存在虚高情况，时间会证明是哪些领域。因此，客户在如何进行人工智能投资方面保持审慎是明智之举。”
高盛的高净值客户如何进行人工智能投资
“掌舵人峰会”的与会者对人工智能有诸多见解。这群人以千禧一代和年轻X世代为主，成长于互联网时代，深知技术能够改变现状。博尔斯·穆勒指出，近期的人工智能突破也不例外。客户们对这项技术非常了解，从如何有效向聊天机器人提问，到哪些公司正在掀起波澜，他们都了然于胸。
“这是一群早期采用者，精力充沛且精通科技，因此关于人工智能的讨论总体基调非常积极，”她解释道。“我相信其中一些人对其发展方向有所担忧。但也有很多人对这项创新感到非常兴奋。”
有几个AI领域尤其引起了他们的兴趣：该技术对医疗保健、个人生产力和能源使用的影响。在医学领域，人工智能已经得到有效应用。该技术能够解读中风患者脑部扫描的准确率是专业医生的两倍，能发现比人类更多的骨折，并能检测出1000多种疾病的早期征兆。在生产力方面，许多人看到了无限机遇。人们正利用AI自动化处理日常琐碎工作、规划度假行程以及处理堆积如山的电子邮件。麦肯锡（McKinsey）发现，在企业案例中长期使用AI可带来4.4万亿美元的额外生产力增长。
所有这些复杂的语言模型都需要能源驱动，“掌舵人峰会”上的百万富翁们深知其能耗巨大。根据劳伦斯伯克利国家实验室（Lawrence Berkeley National Laboratory）的报告，预计仅三年内，数据中心一半以上的电力将用于AI。到2028年，仅AI的耗电量就可能相当于全美22%家庭用电的总和。博尔斯·穆勒表示，与会者既关注其对环境的影响，也在探寻如何以正确的方式投资AI相关能源领域。
“在AI的讨论中，能源确实频繁出现，既是客户感兴趣的投资机会，也需要平衡能源作为有限资源所引发的社会议题，”博尔斯·穆勒继续说道，并补充说这是从“间接”角度参与AI价值创造的一种方式。“我们究竟该如何负责任地思考与能源需求相关的问题？”
人工智能无疑也是本世纪最大的投资机遇之一。高盛私人财富管理部门的客户资产规模从1000万美元到10亿美元不等，他们资金充裕，随时准备全力押注合适的机遇。英伟达（Nvidia）的股票被誉为“造富机器”，而Adobe对AI工具的积极采用使其成为投资者眼中突出的长期投资标的。此次峰会的与会者们也不想错过这波浪潮。
“大家都为能更贴近[这项技术]而感到兴奋。”博尔斯·穆勒说道。（*）
译者：中慧言-王芳
上月，来自全球各地的逾百名年轻富豪——包括创始人、继承人与行业领袖——齐聚美国科罗拉多州奢华的山区小镇阿斯彭。在高盛年度“掌舵人峰会”上，这些富裕客户体验了海豹突击队式的俯卧撑训练，与财富大师萨希尔·布鲁姆（Sahil Bloom）交流了理财心得，并与敏迪·卡灵共商财富传承之道。但最引人瞩目的议题，无疑是直面那个“房间里的大象”：人工智能。
从担心岗位被自动化取代而焦虑不安的上班族，到奋力追赶竞争对手的科技公司CEO，人工智能已成为全民关注的议题。这是一个价值2800亿美元的行业，它让Anthropic的达里奥·阿莫迪（Dario Amodei）等领军者身价飙升至数十亿美元，并彻底颠覆了我们的职业与个人生活方式。因此，出席高盛年度峰会的富豪客户们自然全神贯注。与会者多为三四十岁的精英，均来自高盛私人财富管理（PWM）部门，该部门平均账户规模超过7500万美元，他们齐聚一堂，畅谈对人工智能的焦虑与期待。
在为期三天的峰会期间，参会者与高盛高管们探讨了关于人工智能的一切——从最具盈利潜力的投资，到该技术对环境的影响，再到其革新各行各业的潜力。然而，在热议最火热的AI初创企业和最新突破的同时，高盛必须澄清一个关键问题：尽管OpenAI的首席执行官萨姆·奥尔特曼（Sam Altman）和Meta的马克·扎克伯格（Mark Zuckerberg）将当前形势与互联网泡沫时期相提并论，但这家市值2380亿美元的投行明确表示，我们并未陷入人工智能泡沫。
“我们确实讨论了市场状况，以及我们是否认为当前处于泡沫之中，”高盛旧金山私人财富管理部门区域主管布列塔尼·博尔斯·穆勒（Brittany Boals Moeller）告诉《财富》杂志。“我们认为当前并非泡沫期，并且我们对此保持着密切关注。”
“人工智能领域会存在赢家与输家吗？答案是肯定的。部分领域的估值无疑存在虚高情况，时间会证明是哪些领域。因此，客户在如何进行人工智能投资方面保持审慎是明智之举。”
高盛的高净值客户如何进行人工智能投资
“掌舵人峰会”的与会者对人工智能有诸多见解。这群人以千禧一代和年轻X世代为主，成长于互联网时代，深知技术能够改变现状。博尔斯·穆勒指出，近期的人工智能突破也不例外。客户们对这项技术非常了解，从如何有效向聊天机器人提问，到哪些公司正在掀起波澜，他们都了然于胸。
“这是一群早期采用者，精力充沛且精通科技，因此关于人工智能的讨论总体基调非常积极，”她解释道。“我相信其中一些人对其发展方向有所担忧。但也有很多人对这项创新感到非常兴奋。”
有几个AI领域尤其引起了他们的兴趣：该技术对医疗保健、个人生产力和能源使用的影响。在医学领域，人工智能已经得到有效应用。该技术能够解读中风患者脑部扫描的准确率是专业医生的两倍，能发现比人类更多的骨折，并能检测出1000多种疾病的早期征兆。在生产力方面，许多人看到了无限机遇。人们正利用AI自动化处理日常琐碎工作、规划度假行程以及处理堆积如山的电子邮件。麦肯锡（McKinsey）发现，在企业案例中长期使用AI可带来4.4万亿美元的额外生产力增长。
所有这些复杂的语言模型都需要能源驱动，“掌舵人峰会”上的百万富翁们深知其能耗巨大。根据劳伦斯伯克利国家实验室（Lawrence Berkeley National Laboratory）的报告，预计仅三年内，数据中心一半以上的电力将用于AI。到2028年，仅AI的耗电量就可能相当于全美22%家庭用电的总和。博尔斯·穆勒表示，与会者既关注其对环境的影响，也在探寻如何以正确的方式投资AI相关能源领域。
“在AI的讨论中，能源确实频繁出现，既是客户感兴趣的投资机会，也需要平衡能源作为有限资源所引发的社会议题，”博尔斯·穆勒继续说道，并补充说这是从“间接”角度参与AI价值创造的一种方式。“我们究竟该如何负责任地思考与能源需求相关的问题？”
人工智能无疑也是本世纪最大的投资机遇之一。高盛私人财富管理部门的客户资产规模从1000万美元到10亿美元不等，他们资金充裕，随时准备全力押注合适的机遇。英伟达（Nvidia）的股票被誉为“造富机器”，而Adobe对AI工具的积极采用使其成为投资者眼中突出的长期投资标的。此次峰会的与会者们也不想错过这波浪潮。
“大家都为能更贴近[这项技术]而感到兴奋。”博尔斯·穆勒说道。（*）
译者：中慧言-王芳
Last month, more than 100 young wealthy founders, inheritors, and industry leaders flew in from all around the world to the luxe mountain town of Aspen, Colo. At Goldman Sachs' annual At the Helm event, the bank's affluent clients dropped and did pushups for a Navy SEAL, unfurled their relationship with wealth guru Sahil Bloom, and strategized legacy with Mindy Kaling. But one of the most buzzy endeavors was addressing the elephant in the room: artificial intelligence.
AI is on everyone's mind—from the desk worker hand-wringing over their role becoming automated, to the tech CEO trying to keep up with their competitors. It's a $280 billion industry that's boosted leaders like Anthropic's Dario Amodei to billion-dollar net worths, and is completely upending the way we move through our professional and personal lives. So, of course, wealthy clientele attending Goldman Sachs' annual summit were all ears. The attendees—thirty- and forty-somethings who are members of the bank's Private Wealth Management (PWM) division, which boasts an average account size of over $75 million—gathered to hash out their anxiety and excitement.
Over the course of the three-day summit, attendees and Goldman leaders talked all things AI—from the most lucrative investments, to the tech's impact on the environment, and its potential to innovate industries. But alongside discussion of the hottest AI startups and new breakthroughs, Goldman Sachs had to set the record straight on one question. Despite OpenAI's CEO Sam Altman and Meta's Mark Zuckerberg drawing comparisons to the dot-com boom, the $238 billion bank said that we're not in an AI bubble.
“We did have a conversation about markets and whether or not we think we're in a bubble,” Brittany Boals Moeller, region head of Goldman Sachs' San Francisco PWM division, tells Fortune. “We do not think we're in a bubble, and we pay very close attention to that.”
“Will there be some winners and losers from AI? Absolutely. There will definitely be some places where valuations are overblown, and time will tell where those spaces are. So it's smart for clients to be diligent about how they're investing in AI.”
How Goldman Sachs' wealthy clientele are approaching AI
At the Helm attendees had a lot to say about AI. The group, mainly millennials and young Gen Xers, grew up in the internet era and recognize how technology can switch up the status quo. Boals Moeller says the recent AI breakthrough is no different. Clients are clued in on the technology, from how to effectively prompt chatbots, to what companies are making waves.
“This is a group of early adopters, high-energy tech-enabled people, and so the discussion around AI in general was very positive,” she explains. “I'm sure that there are some who have concerns about directionally where it goes. But there were a lot of people who were very excited about the innovation.”
There were a few areas of AI that particularly piqued their interests: the tech's implications on healthcare, personal productivity, and energy use. In medicine, AI is already being put to good use. The tech can interpret brain scans twice as accurately as professionals examining stroke patients, spot more bone fractures than humans can, and detect early signs of more than 1,000 diseases. And when it comes to productivity, many see boundless opportunities. People are using AI to automate their mundane work responsibilities, plan out vacation getaways, and get through a pile of emails. In the office, McKinsey found that long-term AI use in corporate cases could drive $4.4 trillion in added productivity growth.
All of these complex language models need to be powered, and At the Helm millionaires were well aware of the energy drain. It's projected that in just three years, more than half of the electricity going to data centers will be used for AI, according to the Lawrence Berkeley National Laboratory. By 2028, AI alone could gobble up the same amount of electricity it takes to power 22% of all U.S. households. Boals Moeller says attendees are concerned about the environmental impacts, but also how they can invest in AI-related energy the right way.
“Energy did come up in the context of AI quite a bit as an interesting investment opportunity for clients, and also to balance that with the social issues about energy [as] a finite resource,” Boals Moeller continues, adding that it's a way to access AI's value creation from a “tangential” place. “How do we really think about that responsibly relative to the energy needs?”
AI is also undoubtedly one of the biggest investment opportunities of this century. And with Goldman Sachs' PWM clients boasting anything from $10 million to $1 billion in assets, they're flush with cash to go all-in on the right opportunity. Nvidia stock has been labeled a “millionaire-maker,” and Adobe's aggressive adoption of AI tools made it a standout long-term play for investors. The event's attendees want in on the action, too.
“People were excited to be closer to [the technology],” Boals Moeller says.