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

Artificial intelligence will fundamentally reshape white-collar productivity without triggering a mass labor displacement, as human-centric skills like emotional intelligence and relationship building remain critical competitive advantages in finance. Goldman Sachs CEO David Solomon argues that while AI tools streamline operational processes—such as client onboarding and data analysis—they also necessitate new apprenticeship models to ensure junior talent develops deep expertise. The current market environment reflects a "greed" phase driven by fear of missing out, yet the earnings of top-tier companies remain robust compared to historical bubbles. Furthermore, capital markets are evolving as major corporations increasingly utilize equity financing to fund massive, long-term AI infrastructure investments. Success in this new era requires balancing technological leverage with the irreplaceable value of human judgment, trust, and the ability to navigate complex, creative, and interpersonal challenges that machines cannot replicate.