Some people are likely to lose money in the upcoming “withdrawal” of the artificial intelligence (AI) in the stock markets, according to Goldman Sachs CEO David Solomon, CNBC reports. The stock markets have jumped to record heights thanks to AI, but just as with the nature of the market cycles, Solomon feels that there will be winners and losers over the next one to two years, “it states. Early 2000s Dotcom Bubble, as a reference point for how he considers AI’s market boast. Internet in the late nineties and early 2000s created technical giants, but also led to the ‘dotcom -bubble’. “Don’t go to bubble, but people at a risk curve” Solomon added that he was resistant to calling the AI boom a “bubble”, but was warned that investors, “I’m not going to use the word bubble because I don’t know, I don’t know what the road is going to be, but I know that people are excited.” ‘And when [investors are] Excited, they tend to think about the good things that can be right, and it reduces the things you need to be skeptical, which can be wrong … There will be a breakdown, there will be a check at some point, there will be a withdrawal. Its scope will depend on how long it [bull run] go, “he added. But when it came to his views on AI as a whole, Solomon was optimistic and excited.” I’m sleeping very well. I’m not going to bed every night. “He added.
David Solomon says markets to see ‘withdrawal’ in the next 1-2 years after AI tree
