Goldman Sachs
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- 57 min
The 2026 Goldman Sachs Analyst Impact Fund Finals
Asahi Pompei, David Fagenbaum, Anne Victoire Oriel, Gavin McCormick, Richard Cormack, Julie, Wendy Gorman, Juan Caballero, Jamie Schreiber, Richie, Megha, Katarina, Adeline, Paris, Harshad, Gaspar, Helena, Pablo Salami
The 11th Annual Goldman Sachs Gives Analyst Impact Fund awarded $500,000 in grants to four non-profits selected by a global panel of junior analysts and Board of Directors judges Ellen Coleman, Michelle Burns, and Kim Harris. Recipients Every Cure, Thorne, Build Change, and WattTime each secured funding to deploy artificial intelligence for repurposing generic drugs, preventing child sexual abuse material, retrofiting disaster-resilient housing, and indexing AI data center emissions. This year's competition engaged 3,000 employees across 60 offices, marking a significant scale-up from the program's inception and resulting in $6 million total donated to 192 non-profits over the fund's decade-long history.
- 7 min
How the US Midterms May Reshape the Stock Market
Active investors are shifting toward defensive positioning by favoring the S&P 500 excluding AI and the healthcare sector, which combines historical uncorrelation with emerging AI-driven diagnostic growth. While the data center trade has suffered severe valuation compression following underperformance, the market anticipates a rebound as price corrections eliminate overvaluation headwinds. With traditional defensives like consumer staples deemed unattractive due to poor yield metrics relative to bonds, strategy focuses on quality free cash flow generation ahead of the December 9th FOMC decision.
- 22 min
LSEG CEO David Schwimmer on Where Global Capital Is Moving
David Schwimmer, FX de Mallmann, FX de Melman
In 2018, David Schwimmer led London Stock Exchange Group from a regional operator into a global data and analytics powerhouse by navigating Brexit, corporate governance crises, and activist investor pressure. While current market conditions are marked by potential irrational complacency and capital reallocation away from U.S. equities due to concentration risks, Schwimmer notes that geopolitical instability has temporarily paused this shift. Looking ahead, LSEG aims to become the financial sector's default information service by leveraging AI to simplify market data, while simultaneously addressing structural weaknesses in UK pension markets and driving a robust IPO pipeline through 2027.
- 57 min
The 2026 Goldman Sachs Analyst Impact Fund Finals
Asahi Pompei, David Fagenbaum, Gavin McCormick, Julie, Juan Caballero, Richie, Megha, Katarina, Adeline, Zania, Paris, Harshad, Gaspar, Helena
The 11th annual Goldman Sachs Gives Analyst Impact Fund convened 1,063 analysts from 60 global offices to award $500,000 to organizations leveraging artificial intelligence for social good. The grand prize of $250,000 went to Every Cure for its AI-driven repurposing of drugs for rare diseases, while Thorn secured the runner-up position to combat AI-generated child exploitation. Judged by board members and senior partners, the competition highlighted a thematic shift where all 18 finalists utilized technology to address critical challenges in health, safety, housing, and climate emissions.
- 20 min
How Aaru Uses Advanced AI Simulations to Predict Human Behavior
Cam Fink, Ned Koh, Marco Argenti
AARU, a startup founded by Ned and Cam, has achieved a $1 billion valuation by deploying a hybrid AI architecture that fuses large language models with statistical mathematics to predict human behavior across over 130 countries. The platform enables rapid product innovation for CPG and B2B clients by simulating niche demographics without processing personally identifiable information, effectively compressing development cycles from months to weeks. By grounding predictions in public and purchased datasets rather than proprietary client inputs, the company maintains SOC 2 compliance while dynamically updating its simulation engine to reflect evolving cultural and regulatory contexts.
- 22 min
John Waldron on GDP Growth, AI, and the M&A Outlook
Recorded in November 2026, the session highlights Goldman Sachs' projection of robust U.S. economic growth alongside a 30–35% surge in M&A activity driven by corporate strategies favoring scale and artificial intelligence infrastructure. The firm outlines a four-pronged AI adoption plan focused on automation and client advisory tools, while simultaneously leveraging recent acquisitions to strengthen asset management capabilities and address global decarbonization needs. With global assets exceeding $4 trillion, the discussion emphasizes a neutral-to-positive market outlook that contrasts resilient performance in the U.S. and Asia against geopolitical challenges in Europe and China.
- 15 min
What Happens When AI Spend Peaks?
Tony Pasquariello, Josh Schiffrin, Dominic Wilson
Recent Federal Reserve meetings signaled a methodical pause in rate hikes, leading analysts to forecast a single additional increase in December amidst shifting market expectations for a global rally. While the artificial intelligence sector faces a transition from hyper-growth to conventional scrutiny with monetization concerns emerging, broader asset classes are reacting to volatility in energy prices and geopolitical tensions in the Middle East. Ultimately, the event highlights a market standing in a technical standstill, where downside oil risks are viewed as underpriced potential catalysts for both equity and bond opportunities.
- 35 min
Brookfield’s Connor Teskey on the Real Bottleneck in the AI Buildout
Brookfield Asset Management CEO Conor Teske describes a historic global energy scarcity driven by AI expansion and reindustrialization, positioning electricity as the primary constraint on economic growth. To address this imbalance, the firm is pivoting its strategy from a climate-centric model to a commercial focus on speed and reliability, directly selling power to corporations and investing heavily in energy storage. Backed by a $1.3 trillion alternative asset portfolio, Brookfield leverages its "build or buy" approach and decentralized execution to capitalize on the decade-long infrastructure demand while navigating a leadership transition designed to balance institutional experience with fresh market perspectives.
- 10 min
Bullish Options Trades Slow amid AI Uncertainty
Following the October 29 FOMC meeting, markets reacted with relief to a balanced tone that acknowledged interest rate concerns while AI demand remains robust yet increasingly competitive across mega-cap valuations. Recent credit volatility and a 20% cooling in retail trading volumes have shifted sentiment toward put buying and surgical exposure strategies as implied volatility stabilizes at fair value levels. Looking ahead, investors are pivoting capital toward the biotech sector to capitalize on secular growth from lower rates and AI-enhanced drug discovery, aiming to navigate high dispersion outside saturated AI mega-caps.
- 17 min
Dimensional’s David Booth on How to Interpret Risk and 'Stay Calm' Amid Uncertainty
Dimensional Fund Advisors leverages decades of empirical research to advocate for passive market exposure and long-term compounding as superior strategies to active money management, a philosophy that drove the firm's growth from $50 billion to over $1 trillion in assets. Leadership intentionally pivoted toward Registered Investment Advisors by restricting access through mandatory educational seminars, which fostered a culture of evidence-based decision-making and aligned advisors with the firm's core values. This approach emphasizes planning over prediction and human ingenuity, effectively distinguishing wealth accumulation through disciplined investing from the risks of market timing or gambling.
- 17 min
Goldman Sachs Chairman and CEO David Solomon on AI: Implementation, Accountability, and Jobs
Goldman Sachs CEO David Solomon advocates for a balanced AI governance framework assigning specific regulatory and operational responsibilities to governments, developers, and enterprise deployers to ensure safety without stifling innovation. The firm is applying its rigorous risk management practices to AI deployment while launching a $500 million Small Business AI Institute to provide training and capital to entrepreneurs. Solomon projects that AI will function as a productivity multiplier that creates new roles and business models, despite anticipating short-term market volatility driven by the massive infrastructure investment required for widespread adoption.
- 11 min
Why Investors Are Reducing AI Exposure
Rich Privorotsky, Chris Hussey
As the "long AI, short everything else" consensus unwinds during third-quarter earnings, excessive market concentration in hyperscalers faces pressure from rising capital costs, power supply constraints, and investor de-risking. Analysts are closely scrutinizing whether $1 trillion in projected AI capital expenditures can generate sufficient cloud revenue to support credit markets before a potential "spending glut" displaces lower-quality borrowers. In response to this volatility, strategy has shifted toward a medium-term barbell approach favoring derated electrification and aerospace assets while awaiting confirmation of demand sustainability from upcoming hyperscaler guidance.
- 15 min
Why Oil Prices Are Surging Despite Recovering Supply
Recorded on October 22, 2026, Goldman Sachs analysts project Brent crude prices at $112 per barrel driven by Middle East geopolitical risks and a $27 risk premium despite balanced physical supply. The report further highlights tightening global markets for refined products, European natural gas, copper, and gold, where central bank accumulation and infrastructure competition are fueling upward price trajectories. While fair values remain lower at $85 for oil and $90 for gas, sustained upside risks include intensified shipping attacks, low winter inventories, and strategic stockpiling by the US and China.
- 13 min
Watch Live: The Goldman Sachs Small Business AI Institute Townhall
David Solomon, Christine Romans, Asahi Pompeii, Allison, Hagen
To accelerate its 16-year mission of serving 20,000 small businesses, Goldman Sachs announced a $500 million commitment and the launch of the Goldman Sachs Small Business AI Institute in partnership with Anthropic, Google, Meta, and OpenAI. This initiative targets the critical gap where, despite high adoption rates, only 15% of alumni meaningfully integrate AI into core operations rather than using it merely as an administrative assistant. The program aims to drive substantive operational shifts through applied training, a transition that Goldman Sachs CEO David Solomon will discuss with NBC's Christine Romans alongside featured alumni success stories.
- 11 min
How Rising Rates and AI Issuance Are Affecting Credit Markets
Following the release of hotter-than-expected October CPI and PPI data, bond yields adjusted as investors recalibrated between near-term inflation anxiety and the enduring AI growth narrative. Corporate credit markets remain resilient with tight spreads, driven by three primary factors: AI supply chain investment, technological disruption, and the sector-specific impact of elevated interest rates. Analysts identify this environment as a "credit picker's market" offering distinct opportunities in municipal bonds and high-quality AI credits while watching for major financing deals expected before year-end.