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Wall Street Leaders: AI Won't Doom Software Companies

2/12/2026

Summary

Story summary

David Solomon, Chief Executive Officer of Goldman Sachs, and other Wall Street executives addressed investors to counter fears that artificial intelligence will render software companies obsolete.
They argued that concerns about AI's impact on software businesses are overstated.
The leaders said they would downplay their own risks linked to the software sector to reassure investors.
The message comes amid growing anxieties about the future of technology companies as AI advances.

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Story summary

David Solomon, Chief Executive Officer of Goldman Sachs, and other Wall Street executives addressed investors to counter fears that artificial intelligence will render software companies obsolete.
They argued that concerns about AI's impact on software businesses are overstated.
The leaders said they would downplay their own risks linked to the software sector to reassure investors.
The message comes amid growing anxieties about the future of technology companies as AI advances.