We are continuing our coverage from the Milken Institute Global Conference. Joining me now is David Solomon. He's the chairman and CEO of Goldman Sachs. And it's good for you. It's good for me to have you back. We missed a year because we've made this somewhat of an annual tradition. So thank you for being here, David. Absolutely. I'm happy to be here and happy to be with you. I've been at this event for a long time. Yes, you have. It keeps growing, so I'm happy to be here.

It is enormous. to be with you. I've been at this event for a long time. Yes, you have. It keeps growing, so I'm happy

to be here. It is enormous. And a lot, obviously, that we're going to be discussing here. In fact,

you know, I mentioned this earlier. AI is going to certainly be one of the topics that is explored

in depth here at the conference. And I noticed on your conference call from the middle of April

after you reported very strong numbers of Goldman Sachs you decided to spend a lot of

time on it you know it was right up there in the top of your your your your

initial remarks you called it a comes up in virtually every client

conversation I have you said artificial intelligence why did you choose to sort of spend so much time on

AI in the Goldman call? Well, I mentioned it. And, you know, if I mention anything on that call,

it gets an amplification because it's something that our clients are talking actively about,

because the changes, the transformation in compute is accelerating at such

a pace and the implications on productivity and efficiency in business are going to be enormous.

We've been using AI, David, and you and I have talked about this for 20 years in our business

in some way, but what's changed now is the power of the compute that's available, the speed and therefore your ability to apply it in different ways.

Right.

And so I think there's an enormous productivity opportunity.

There are obviously efficiency opportunities.

And also if you think about the amount of capital that's going to be necessary to implement this,

the amount of energy and power that's going to be necessary to implement it. This is something that people are going to have to think very strategically about, and that's something that Goldman Sachs helps our clients with. So it's a big opportunity. There are enormous financing needs. Enormous financing needs, and that's Golden Sachs. Where do you think we are when it comes to those needs? needs, whether it's building of the data centers or to your point, the infrastructure to actually power them,

which is becoming more and more of a crucial issue.

We're very early in that journey, candidly, and I think one of the things that businesses are thinking about,

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