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Goldman Sachs' CEO says the AI industry must prove it can get $1 trillion in funding.

ResultsRead the original at Benzinga
Good for GS

Goldman Sachs reported sales up 23% and profit per share above forecasts. Higher borrowing costs could hurt some AI projects, but gains across several businesses support a positive reading.

GS · Goldman Sachs Group, Inc.

AI read · Good for GS

The AI's read

That gives Goldman more ways to earn from trading, deal advice, and client financing. Its wealth business is growing faster than its 5% goal, and its fundraising target doubled. Higher borrowing costs could hurt some AI projects, and lower expected IPO values delayed some listings. Those risks do not erase the gains across sales and several client businesses.

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