Goldman Sachs: Bank Discipline 'Imperative' in Times of AI Exuberance
Goldman Sachs' chief financial officer, Dennis Coleman, has warned about the risks of high US equity markets driven by artificial intelligence.
Taking a step back, there is no question that there is a fair amount of investor exuberance at the moment.
Coleman emphasized the importance of disciplined risk management, stating that
history shows there is ultimately a divergence between companies which thrive and others which fail after a boom driven by new technologies.
Goldman Sachs reported net revenues of $15.18bn and net earnings of $4.10bn for the third quarter ended September 30, with net revenues in global banking and markets being $10bn.
The bank has become
especially vigilantto manage risks arising from high US equity markets driven by artificial intelligence.
Author's summary: Goldman Sachs warns of AI market risks.
- Net revenues: $15.18bn
- Net earnings: $4.10bn
- Global banking and markets net revenues: $10bn
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