Goldman Sachs CEO David Solomon made a surprising statement at the Business Summit 2026, revealing that the markets have remained calm despite the recent Iran conflict. But here's where it gets controversial... Solomon also warned that the rapid evolution of artificial intelligence (AI) is likely to make people uncomfortable, and he emphasized the need for guardrails as the technology advances. Speaking at the Australian Financial Review Business Summit, Solomon said, "People don't like change fundamentally, and the pace of this change is going to make people uncomfortable. It's our responsibility to work together and try to manage the best we can and to learn as we go because we're all dealing with things that are new for all of us. As technology expands as a society, we have to put [in place] guardrails and we have to deal with it." Solomon highlighted the importance of setting boundaries, especially in the context of social media, and praised Australia's approach to restricting under-16s' usage. But this is the part most people miss... He also discussed the opportunities in liability structures, which are a significant part of Goldman Sachs' business and represent a growth opportunity in Australia. "We've publicly said that we're growing the durable revenue in that business," Solomon said. "I think it's fair to say Australian institutions – by global standards at least – are probably a little bit underweight [in] relative terms on alternatives as well, so it's an interesting opportunity there." Solomon's insights shed light on the complex relationship between technology, change, and the need for regulation. So, what do you think? Do you agree with Solomon's views on AI and its impact on society? Or do you have a different perspective? Share your thoughts in the comments below!
