Goldman's Solomon Sees 'More Greed Than Fear' in AI, Touts Alphabet's $80B Raise

Goldman Sachs CEO David Solomon said investor enthusiasm for artificial intelligence has created an environment of “more greed than fear,” as the Wall Street bank leads Alphabet’s (GOOGL) record $80 billion equity raise. The comments, made Tuesday at the Economic Club of New York, come amid a surge in AI-related capital markets activity. Solomon described the Alphabet offering as the largest follow-on equity raise in history, adding the stock is “trading very well.” Goldman Sachs is also a placement agent for SpaceX’s upcoming IPO, expected the week of June 8, and is vying for lead roles in the planned public offerings of Anthropic and OpenAI later this year. However, Solomon cautioned that AI infrastructure demand is “not going to go in the straight line that everybody’s now currently projecting,” citing slow enterprise adoption and varying industry margins. Goldman posted $17 billion in profit last year and could see its second-best year ever in 2026, according to Bloomberg data.