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03.11.26 - 07:42
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As a global AI sell-offs rattle investors, Goldman Sachs touts ′enormous opportunities′ (SCMP)
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The artificial intelligence (AI) boom could be a super-long cycle that would drive productivity and bring down costs, according to the chairmen of Morgan Stanley and Goldman Sachs, indicating that the ongoing pullback in technology stocks could be a speed bump temporarily.
David Solomon, who is also Goldman Sachs' CEO, and Ted Pick, also CEO of Morgan Stanley, touted the prospects of the cutting-edge technology and its demand at the Global Financial Leaders' Investment Summit in Hong Kong on......
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03.11.26 - 07:24
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Is AI a Bubble? Wall Street Titans Say Not Even Close (Bloomberg)
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Finance heavyweights including Goldman CEO David Solomon, Franklin Templeton's Jenny Johnson, Morgan Stanley's Ted Pick broadly dismissed fears that the AI boom has entered bubble territory, while Pimco chief Emmanuel Roman noted the sector's debt wave has yet to distort broader credit markets. They spoke to Bloomberg Television on the sidelines of the HKMA Global Financial Leaders' Summit. (Source: Bloomberg)...
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