Goldman Sachs chief executive David Solomon says companies are deploying capital to invest in AI, setting the stage for broad economic growth in the coming years.
In a new interview with Bloomberg, Solomon says the market is broadening as companies adopt AI into the core of their workflows and operations.
“Well, you’ve seen a big move in markets away from Mag 7. I think there’s been broader participation. I think companies are investing. I think there’s a big view that AI productivity is going to move into the enterprise. And that creates flexibility for a broader array of companies to invest. And so I think there’s a broader level of participation, and things are set up quite constructively for the next few years.”
Solomon emphasizes that the productivity impact of AI inside companies is tangible, even if it unfolds gradually.
“This AI productivity gain in enterprise is a real thing. It’s going to take a while for this to happen.”
Beyond technology, Solomon points to a combination of policy and macroeconomic forces that he believes are aligning in a supportive way.
“I think the Trump administration is moving quickly to rebalance regulatory burden. And I think there’s a desire in Europe to also improve the regulatory situation. That’s quite stimulative. Massive AI infrastructure investment around the world, which is also quite stimulative.
We’ve been in a monetary easing cycle, which also creates tailwinds.”
Looking ahead, he says political dynamics in the US could introduce further stimulus, particularly around cost pressures faced by consumers.
“And we have midterm elections coming up in the US where you certainly could see specific policy actions, particularly around affordability, that also could be stimulative in some way. Economically, things set up nicely.”
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