Goldman Sachs has released a research report following its third annual Silicon Valley AI field study, emphasizing that AI is reshaping the competitive landscape of the information and business services industries. The report reinforces four core judgments: the value of proprietary information continues to increase; AI applications are extending from information delivery to workflow execution; physical services and education platforms demonstrate greater resilience than business models reliant on large white-collar workforces; and monetization paths will expand from seat subscriptions to dimensions such as usage, transaction volume, product premium, and outcome-based pricing. Goldman Sachs believes that companies with unique, continuously updated, and difficult-to-replicate datasets will benefit, while platforms that control customer workflows may capture economic value beyond single data input providers. The report specifically evaluates several companies, noting that Moody's benefits from proprietary data, FICO and Experian (EFX) benefit from workflow control, while companies like Fidelity National Information Services (FDS) and Gartner face significant pressure.