Posted 4/15/2024, 2:28:00 PM
Goldman Sachs Bets on AI to Boost Profits and Client Services
- AI could be a new profit driver for Goldman Sachs, according to CEO David Solomon
- Solomon sees "enormous appetite" from clients for AI advising and support
- Goldman expects AI infrastructure financing needs to provide a boost to its business
- Internally, AI implementation can drive productivity gains and efficiency for Goldman
- Strong Q1 earnings for Goldman were boosted by capital markets reopening after a slow 2023