Goldman Sachs Chairman and CEO David Solomon on AI: Implementation, Accountability, and Jobs

With the right “rules of the road,” advancing AI doesn’t have to be a choice between innovation and safety, says David Solomon, chairman and CEO of Goldman Sachs. He also explains why he’s optimistic about AI’s impact on the job market in this episode of the Exchanges podcast.

Key takeaways:
1. The third layer of AI control: In addition to governments and tech providers, responsibility for AI also lies with the companies deploying it.
2. Learning from the past: Previous scientific and technological innovations can provide a model for implementing AI—as can the risk and control processes of financial firms.
3. Advice for young knowledge workers: Solomon advises young professionals to adapt to AI and treat it as a key tool to enhance their work.

[00:00] Introduction
[00:47] Beyond the innovation-or-safety binary
[02:06] What's the AI debate missing?
[03:38] What finance firms can teach AI risk management
[04:47] What getting AI right looks like
[05:59] Job apocalypse or job creator?
[08:38] Advice for analysts worried about AI
[09:14] Automating processes, enhancing client experience
[11:53] Why small businesses matter to AI
[13:09] Goldman Sachs' Small Business AI Institute
[13:47] Is the AI build-out sustainable?