Goldman Sachs CEO David Solomon indicated Monday that strong demand persists for financing artificial intelligence infrastructure projects, even as market conditions have grown more turbulent in recent weeks. He told CNBC that his firm has maintained active involvement in AI capital markets transactions and anticipates this level of activity will persist going forward.
Solomon acknowledged that multiple factors are contributing to market adjustments, including changes in the political environment. He noted that these shifts will likely produce periodic fluctuations in investor sentiment. Despite such near-term volatility, the Goldman executive expressed confidence in artificial intelligence’s long-term capacity to enhance productivity and economic growth.
AI-related equities, particularly those of chipmakers and cloud service providers, have experienced significant declines as investors reconsider whether the hundreds of billions in infrastructure spending will deliver adequate financial returns. The decline accelerated following recent political developments, with some observers concerned that policy changes could impede industry expansion.
Solomon’s remarks arrive as AI startup Anthropic moves toward a potential initial public offering, representing a significant test of public investor appetite for artificial intelligence companies. Goldman is among the financial institutions coordinating that process. The CEO stated that while the IPO timeline remains uncertain, market conditions maintain adequate support for such transactions.
Solomon also addressed concerns regarding data center construction opposition, contending that such infrastructure remains critical to economic competitiveness and can be developed in a responsible manner. He warned that restricting domestic development would likely redirect investment toward international locations where computational demand exists.
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