CNBC February 21, 2025
Key Points
– Goldman Sachs expects China’s economy to start reflecting the positive impact of AI adoption led by DeepSeek from next year.
– Over the long term, it pegs a 20-basis-point to 30-basis-point boost to China’s GDP by 2030.
– DeepSeek has shaken China’s AI ecosystem as well, with state-owned entities as well as large tech players, including competitors, leveraging its open-sourced architecture.
DeepSeek’s sudden splash in the large language model space has given China a powerful tool to catalyze artificial-intelligence adoption in the country and boost economic growth.
While Goldman Sachs pegs a 20-basis-point to 30-basis-point boost to China’s GDP over the long term — by 2030 — its expects the country’s economy to start reflecting the positive...
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