Goldman Sachs is negotiating with banks, insurers, and private credit firms to structure financing for Nvidia's $500 billion AI compute platform, announced August 10 with partners including Apollo, Bl…
Ikea's AI-powered customer service bot Billie, launched five years ago, now handles three-quarters of customer queries, but instead of laying off call center workers, the retailer retrained them, turn…
Goldman Sachs projects that the current investment cycle, driven by artificial intelligence, will be the most capital-intensive in history, with hyperscaler capital expenditure potentially reaching $7…
JPMorgan Chase CEO Jamie Dimon expressed skepticism about the AI spending boom, saying the huge investments may not pay off as investors expect, but he praised SpaceX's plan for space data centers as …
Goldman Sachs booked a record $3.4bn in investment banking fees in the second quarter, up 55% year-on-year, driven by what CEO David Solomon called an AI CapEx super cycle. Equity underwriting rose 13…
Goldman Sachs CEO David Solomon said Wall Street is in the middle of an AI capex 'super cycle' that is driving elevated levels of strategic activity, financing, and capital formation across markets, a…
Goldman Sachs reported a 78% surge in second-quarter profits to $6.6 billion, or $21 per share, far exceeding analyst expectations of $14.50 per share, driven by a 72% jump in equities trading revenue…
Goldman Sachs Group Inc. posted a record $7.42 billion in stock-trading revenue for the second quarter, surpassing its own Wall Street records for the third consecutive quarter. The equities result ju…
Goldman Sachs CEO David Solomon told the firm's 2,500 summer interns in a welcome letter Friday that they are entering an "innovation supercycle," citing SpaceX's historic $75 billion IPO and global M…
Goldman Sachs CEO David Solomon said the bank's entry-level hiring may "contract a little" over the next three years as artificial intelligence reshapes the talent mix, though the firm will continue t…
Goldman Sachs CEO David Solomon acknowledged during a Bloomberg Odd Lots podcast that artificial intelligence tools rely on uncredited and uncompensated use of artists' work, marking a shift from his …
Goldman Sachs CEO David Solomon said artificial intelligence will enhance productivity and economic growth rather than cause widespread job loss, dismissing fears of mass unemployment as overblown. So…
Goldman Sachs CEO David Solomon stated that market demand driven by "greed" is sufficient to absorb the upcoming initial public offerings of SpaceX, OpenAI, and Anthropic. Solomon expressed confidence…
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei, who spent the past year warning that artificial intelligence would eliminate large numbers of white-collar jobs, now say those predictions were wr…