In an interview with CNBC, Goldman Sachs CEO David Solomon highlighted the ongoing strong demand for investments in AI infrastructure, despite a recent selloff in AI-related stocks. He noted that his firm has been actively involved in AI capital markets and expects this trend to continue.
Solomon acknowledged that political changes could lead to market recalibrations, particularly following the recent U.S. midterm elections, which raised concerns about potential political resistance to the expansion of AI infrastructure. This backdrop is significant as AI model lab Anthropic prepares for a potential IPO, which could serve as a critical test of market appetite for AI companies.
Solomon defended the necessity of data center construction for the U.S. economy, arguing that without it, demand for computing power might shift overseas. His comments suggest that while there are challenges, the long-term outlook for AI investment remains positive