Goldman Sachs CEO Says Fears Of Mass Unemployment From AI Are ‘Overblown’
Key takeaways
- Topline Goldman Sachs chief David Solomon believes concerns about advancements in artificial intelligence sparking a wave of mass unemployment are “overblown,” writing in a New York Times guest essay that the U.S.
- David Solomon, CEO of Goldman Sachs, speaks on stage during the Italian Tech Week 2025.Photo by Nicolò Campo/Light Rocket via Getty Images Key Facts In the essay titled, “I’m the C.E.O. of Goldman Sachs.
- Solomon acknowledged AI’s disruption of the labor market “will entail new challenges,” citing Goldman Sachs analysis that estimates AI may automate 25% of current work hours in the next ten years.
Topline Goldman Sachs chief David Solomon believes concerns about advancements in artificial intelligence sparking a wave of mass unemployment are “overblown,” writing in a New York Times guest essay that the U.S. will be able to adapt and expand its workforce to AI advancements.
David Solomon, CEO of Goldman Sachs, speaks on stage during the Italian Tech Week 2025.Photo by Nicolò Campo/Light Rocket via Getty Images Key Facts In the essay titled, “I’m the C.E.O. of Goldman Sachs. The A.I. Job Apocalypse Is Overblown,” Sachs posits AI presents a “a great leap forward for society” that comes with “a few caveats.”
Solomon acknowledged AI’s disruption of the labor market “will entail new challenges,” citing Goldman Sachs analysis that estimates AI may automate 25% of current work hours in the next ten years.