Goldman Sachs CEO David Solomon on Running a Bank in the Age of AI | Odd Lots

There's a lot of debate about the future of AI — not just whether it will produce the returns investors are expecting, but also if AI will lead to mass worker displacement. Big banks are the perfect prism through which to explore some of these questions. Not only are they deploying AI very quickly, but they have a wide range of workers who are using the technology, from back-office employees to junior analysts to the most senior investment bankers. We spoke with David Solomon, chairman and CEO of Goldman Sachs, about the impact of AI on the banking business, and why he does not predict a major white collar wipeout. We talk about the outlook for headcount, current conditions in capital markets, and the bank's role in the upcoming SpaceX IPO and Alphabet's historic equity capital raise. He also tells us about his early career in junk bonds and (with his love of electronic dance music) how AI is transforming music production.

Chapters:

Watch Bloomberg Vodcasts

Watch more Odd Lots episodes

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Join the conversation: discord.gg/oddlots

Subscribe to Bloomberg Podcasts

Check out more Odd Lots

Get the Odd Lots newsletter

And for all things Odd Lots, visit

#Investing #Markets #Finance #Bloomberg #Podcast #OddLots

For coverage on news, markets and more

Visit our other YouTube channels:

Bloomberg Television

Bloomberg Originals