Goldman Sachs CEO: Optimism to Prevent AI Bubble Burst

Goldman Sachs CEO David Solomon believes investor optimism will prevent an AI bubble from bursting. He thinks there's enough "greed" to absorb the shock as large tech companies go public. This comes as firms like Anthropic, OpenAI, and SpaceX are set to list on the stock market. Anthropic, for instance, has confidentially filed for a U.S. IPO. Its last valuation was $965 billion, with annual revenue around $47 billion. OpenAI was valued at $852 billion, and SpaceX is reportedly expected to begin trading in mid-June with a valuation of $1.75 trillion. Economists have raised concerns about skyrocketing AI infrastructure spending and its financing through private credit, potentially making the U.S. economy more fragile. However, Solomon states there's plenty of liquidity if optimism continues, noting "more greed than there is fear." Goldman Sachs is also involved in some of these deals. The bottom line is that the market for AI companies is seeing significant activity and investment.