Goldman Sachs CEO David Solomon stated that demand for AI infrastructure financing remains robust, despite a recent selloff in AI-related stocks on Wall Street. Solomon noted that the bank has been actively involved in numerous capital markets transactions related to the sector in recent weeks.
The bank expects dealmaking activity to stay healthy for the remainder of the year. Solomon emphasized that investors continue to support the costly buildout of data centers and networking equipment, viewing the long-term economic potential of AI as a key driver for productivity.
Despite the financing momentum, lenders are becoming more selective. According to reports, banks are now scrutinizing borrower cash flows, construction timelines, and customer commitments more closely due to concerns over the financial risks of heavily indebted infrastructure providers.
Goldman Sachs is currently involved in the potential initial public offering process for the AI startup Anthropic. Solomon described the current market environment as constructive for such activity, though he declined to provide specific details regarding the company's IPO plans.
Solomon also addressed concerns regarding political resistance to new data center construction in the U.S. He warned that blocking domestic projects could lead to the migration of AI infrastructure investments overseas, as global demand for computing capacity continues to rise.
