Goldman CEO Solomon says AI financing remains strong despite market jitters

Summary

• Goldman Sachs CEO David Solomon stated financing demand for AI infrastructure remains strong despite recent market jitters.
• Solomon reported his firm has been very active in AI capital markets deals and expects this activity to continue.
• He expressed deep belief in the long-term trajectory of AI to drive productivity despite political changes causing recalibrations.
• AI-related stocks including chipmakers and neocloud providers have tumbled as investors reassess potential returns on hundreds of billions in infrastructure spending.
• The selloff intensified after Democratic victories in U.S. midterm elections, raising concerns that political opposition could slow industry expansion.
• Goldman Sachs is among the banks leading the potential IPO process for AI model lab Anthropic.
• Solomon described the current market environment as pretty constructive regarding the potential IPO.
• He argued data center infrastructure is essential to the U.S. economy and can be built responsibly.
• Solomon warned that without domestic construction, demand for compute will naturally cause infrastructure to move outside the U.S.