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Goldman Sachs Chairman and CEO David Solomon said that demand for computing power far exceeds supply, and that strong financing activity over the next 12 to 24 months will meet part of that demand. He said investor demand to subscribe to large AI financing deals is "very strong," and that AI infrastructure buildout is still in its early stages, but rising financing costs will change the returns on some projects. The report also noted that Goldman Sachs has secured the lead underwriter role for Anthropic's IPO and is co-leading Meta's $95 billion equity financing plan.
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Goldman Sachs CEO Solomon says computing power demand far exceeds supply
Source:Cailian Press
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Nov 3
Cailian Press
Goldman Sachs CEO Solomon: Compute Demand Far Exceeds Supply, AI Financing Will Remain Strong Over the Next 12 to 24 Months
Goldman Sachs Chairman and CEO David Solomon said that compute demand far exceeds supply, and that strong financing activity over the next 12 to 24 months will meet part of that demand, with investor demand for subscriptions to large AI financing deals being "very strong." He believes that AI infrastructure construction is still at an early stage, but rising financing costs will change the returns on some projects; Goldman Sachs has secured the lead underwriting role for Anthropic's IPO and is co-leading Meta's $95 billion equity financing plan.