Goldman Sachs CEO Says Fears Of Mass Unemployment From AI Are ‘Overblown’
Goldman Sachs CEO David Solomon argues that fears of mass unemployment due to artificial intelligence are exaggerated. He believes that while AI will disrupt the labor market, it will also create opportunities for workers to engage in more complex tasks. Solomon emphasizes the need for collaboration between public and private sectors to help workers adapt to these changes.
- ▪David Solomon claims that AI presents a significant opportunity for societal advancement despite potential challenges.
- ▪Goldman Sachs estimates that AI could automate 25% of current work hours over the next decade.
- ▪Solomon believes that AI will enhance existing professions rather than make them obsolete and will create new jobs to manage AI technologies.
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BreakingBusinessGoldman Sachs CEO Says Fears Of Mass Unemployment From AI Are ‘Overblown’ByAntonio Pequeño IV,Forbes Staff. Pequeño is a breaking news reporter who covers tech and more.Follow AuthorMay 22, 2026, 02:07pm EDTToplineGoldman Sachs chief David Solomon believes concerns about advancements in artificial intelligence sparking a wave of mass unemployment are “overblown,” writing in a New York Times guest essay that the U.S. will be able to adapt and expand its workforce to AI advancements.David Solomon, CEO of Goldman Sachs, speaks on stage during the Italian Tech Week 2025.Photo by Nicolò Campo/LightRocket via Getty ImagesKey FactsIn the essay titled, “I’m the C.E.O. of Goldman Sachs. The A.I.
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