David Solomon on AI and jobs
From Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI | Odd Lots · · Bloomberg Podcasts
“I still think human to human contact matters a lot. And I think one of the great opportunities we have with this technology expansion is to get our young people out with clients, talking to clients, broadening our client footprint. They're incredibly capable, well, incredibly capable. This shifted over the last 30 or 40 years, and it really I don't think it's shifted for the better. And now we're going to shift it back. And I think it's a real opportunity.”
On , David Solomon, Chairman & CEO at Goldman Sachs Group Inc, spoke about AI and jobs during Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI | Odd Lots on Bloomberg Podcasts.
About David Solomon
David Solomon, chairman and CEO of Goldman Sachs, has recently expressed optimism about artificial intelligence, stating he does not believe it will cause massive structural unemployment but acknowledged it will "interrupt jobs and dislocate." In a series of interviews, Solomon described the technology as a potential driver of a "productivity boom" and "economic growth," while also cautioning that its deployment will not follow a straight line and that government and business have a "responsibility to work on policy" if disruption becomes severely dislocating. He emphasized that human interaction remains a "superpower" and predicted that firms will shift young employees toward client-facing roles. On markets and the economy, Solomon said the U.S. is in a period where "there's more greed than there is fear," and pointed to robust equity markets and significant liquidity to absorb large capital raises, including those from AI-related companies. He argued that a "regulatory structure and market structure" has made it unattractive for companies to go public until they have a capital need. In Goldman Sachs' first quarter 2026 earnings call, he reported net revenues of $17.2 billion and earnings per share of $17.55, both the second highest in the firm's history. Speaking at the Wharton MBA graduation, Solomon encouraged graduates to "be open to change" and invest in relationships, and stated that "today is the best day in the history of the world to be in your shoes."