'More greed than there is fear': Goldman Sachs CEO sounds off on AI

June 3, 2026 - 01:09

David Solomon, the chief executive of Goldman Sachs, offered a blunt take on the artificial intelligence frenzy sweeping Wall Street and Silicon Valley. In a recent interview, Solomon argued that the massive wave of investment pouring into AI is driven more by a hunger for profit than by any genuine fear of being left behind.

"There is more greed than there is fear," Solomon said, describing the current market sentiment. He acknowledged that plenty of capital is available to sustain the AI boom, but only as long as investor optimism remains high. The CEO suggested that the technology's potential is real, but the current pace of spending may be outpacing practical business applications.

Solomon's comments come at a time when major tech companies and venture funds are pouring billions into AI infrastructure, from data centers to specialized chips. While some executives warn of existential risks or regulatory pitfalls, Solomon focused on the raw financial calculus. He noted that the industry is in a "build it and they will come" phase, where the promise of future returns is enough to keep the money flowing. For now, the greed is winning.