Goldman Sachs CEO David Solomon has outlined a significant AI-driven transformation at the investment bank, predicting that artificial intelligence will enhance the productivity of “high-value” employees by 30% to 40% by 2025. Speaking at the Future Investment Initiative conference in Saudi Arabia, Solomon emphasized how AI will revolutionize various roles within the organization, particularly impacting software engineers, investment bankers, and other skilled professionals. The CEO highlighted that AI’s implementation isn’t about reducing headcount but rather about augmenting human capabilities and improving efficiency. Solomon’s vision aligns with Goldman Sachs’ broader strategy of integrating AI across its operations, including trading, risk management, and client services. The bank has already invested heavily in AI technology, with over 100 AI-related projects in development. Solomon also addressed concerns about AI’s impact on employment, stating that while some jobs may be eliminated, new roles will be created, and existing positions will be enhanced through AI integration. The bank’s approach focuses on using AI to handle routine tasks, allowing employees to focus on more complex, strategic work. This transformation is part of Goldman Sachs’ larger digital transformation initiative, which includes significant investments in technology infrastructure and talent development to maintain its competitive edge in the financial services industry.
Source: https://www.businessinsider.com/david-solomon-ai-goldman-sachs-high-value-people-2025-10