Goldman Soloman: I believe AI is going to interrupt jobs, dislocate

Goldman Sachs CEO David Solomon told the Economic Club of New York and CNBC that AI should spark a productivity-led growth phase but will also disrupt jobs and cause dislocation even if it does not produce broad structural unemployment. He noted strong market liquidity and investor “greed,” citing Alphabet’s large ~$80 billion equity raise as an example of firms taking advantage of favorable financing. Solomon warned that sentiment can shift quickly and highlighted macro risks—war-driven energy costs, supply‑chain pressures and potential inflation that could alter consumer behavior in the second half of the year. Overall the remarks are constructive for long-term equity opportunities but flag near‑term risks that could temper gains.