Goldman Sachs CEO David Solomon says demand for AI infrastructure financing remains strong despite recent market volatility tied to the U.S. midterm elections. Solomon, who spoke with CNBC about the topic, emphasized that Wall Street's biggest dealmakers are not pulling back from AI-related deals. Goldman Sachs has been active in financing deals across the AI stack and is also involved in a potential IPO for Anthropic, the AI model lab.
Solomon pushed back against political resistance to data center construction, arguing that the infrastructure is essential to the U.S. economy. He expects capital markets activity to continue over the next two months and believes in the long-term power of AI to drive productivity. However, he acknowledged that growing capital requirements could push up financing rates, signaling that the funding environment may shift as demand scales.
Goldman Sachs Research forecasts that AI infrastructure investment could reach $8 trillion over four to five years, with some estimates suggesting spending could exceed $10 trillion. The same research projects global data center electricity demand will increase 170% between 2025 and 2030, underscoring the massive scale of the buildout ahead.
In a notable executive move, Dave Wehner, who served as Meta's CFO from 2014 to 2022 and later as chief strategy officer, is joining Fireworks AI as CFO. Fireworks, an AI startup valued at $17.5 billion, lets developers customize open AI models for business use and competes with Together AI and Baseten in the AI inference cloud market. Wehner praised Fireworks' focus on specialized AI intelligence and open models, and the company says he will help build its financial and operational capabilities.
Alphabet is considering a bond sale in Hong Kong and Singapore to raise between $1 billion and $1.5 billion in Hong Kong dollars and about $1.5 billion in Singapore dollars. The potential sale comes as investors grow cautious about AI spending after the midterm election results. Alphabet has already issued bonds in multiple currencies this year, including a recent 6 billion euro offering, reflecting how tech giants are borrowing heavily to fund AI infrastructure.
Google Cloud launched new security tools for organizations using autonomous AI agents. The updates include CodeMender, a code security agent in preview that helps find and fix software vulnerabilities, along with Auth Manager for credential management and Agent Identity JWT support for secure authentication across platforms. The focus is on securing software development, tightening production workload controls, and improving threat detection for AI agent deployments.
Q.ANT opened a pilot program for its photonic AI hardware on IONOS bare metal servers. The system uses optical processors that perform computations directly with light instead of traditional transistors, targeting workloads like industrial vision, time-series forecasting, and AI model inference. Early tests showed performance gains but also limits, since the photonic co-processors still need to exchange data with classical processors.
Nooks, a sales automation startup, received a $500 million commitment from General Catalyst's Customer Value Fund. Rather than taking equity, General Catalyst will receive a share of returns. Nooks introduced its Revenue Agent Platform, which handles sales tasks from first contact through renewal, and counts over 2,000 customers including Cursor, Notion, and HubSpot, with 135% net revenue retention.
TailDART, a new compact foundation model with 2.68 million parameters, is designed for financial time-series forecasting. It uses grouped-query attention to reduce memory usage and achieves up to 48.1% faster inference than existing models while matching the accuracy of much larger systems, targeting institutional use where speed and efficiency are critical.
Key Takeaways
- <ul><li>Goldman Sachs CEO David Solomon says AI infrastructure financing demand remains strong despite post-midterm election market volatility.</li><li>Goldman Sachs Research estimates AI infrastructure investment could reach $8 trillion over four to five years, with some forecasts exceeding $10 trillion.</li><li>Global data center electricity demand is forecast to increase 170% between 2025 and 2030, according to Goldman Sachs Research.</li><li>Dave Wehner, Meta's former CFO and chief strategy officer, is joining Fireworks AI as CFO; the startup is valued at $17.5 billion.</li><li>Fireworks AI competes with Together AI and Baseten in the AI inference cloud market and lets developers customize open AI models.</li><li>Alphabet is considering a bond sale in Hong Kong and Singapore to raise up to $1.5 billion in each market amid investor caution on AI spending.</li><li>Google Cloud launched CodeMender, Auth Manager, and Agent Identity JWT support to secure autonomous AI agent deployments.</li><li>Q.ANT is piloting photonic AI hardware on IONOS bare metal servers, using optical processors for tasks like industrial vision and time-series forecasting.</li><li>Nooks secured a $500 million commitment from General Catalyst's Customer Value Fund, structured as a share of returns rather than equity.</li><li>TailDART, a 2.68 million parameter model, achieves up to 48.1% faster inference for financial forecasting compared to existing models.</li></ul>
Goldman CEO Solomon says AI financing remains strong despite market jitters
Goldman Sachs CEO David Solomon said demand for AI infrastructure financing is still strong. He expects capital markets activity to continue over the next two months. He pushed back against political resistance to data center construction. He argued the infrastructure is essential to the U.S. economy. He also noted that changes in the political environment are causing some market recalibrations.
Goldman Sachs CEO on AI sentiment and data centers
Goldman Sachs CEO David Solomon discussed investments in data centers and the long-term trajectory of AI in the economy. He spoke with CNBC's Leslie Picker about the sector. The conversation focused on how AI infrastructure spending is shaping financial markets. He emphasized the importance of continued investment in AI technology.
Goldman Sachs CEO said AI financing demand is still strong
Goldman Sachs CEO David Solomon said the bank has stayed active in AI capital markets deals. Chip and neocloud stocks have slid sharply after the U.S. midterm elections. He believes in the long-term power of AI to drive productivity. Goldman is also involved in a potential IPO for AI model lab Anthropic. Solomon said the market environment is still pretty constructive.
Goldman CEO: AI Financing Stays Hot Despite Market Reset
Goldman Sachs CEO David Solomon says investor appetite for AI infrastructure remains strong amid volatility. Wall Street's biggest dealmakers are not backing away from AI infrastructure. Goldman has been active in financing deals across the AI stack. Solomon's comments signal confidence that institutional capital will continue funding long-term projects. The divergence between stock market swings and private financing shows investors take a longer view.
Goldman Sachs CEO Sees $10 Trillion AI Data Center Boom Despite Growing Debt and Financing Risks
Goldman Sachs CEO David Solomon expects AI infrastructure expansion to continue. Goldman Sachs research estimates AI infrastructure investment could reach $8 trillion over four to five years. Other forecasts suggest spending could exceed $10 trillion. Solomon warned that growing capital requirements could push up financing rates. Goldman Sachs Research forecasts global data center electricity demand will increase 170% between 2025 and 2030.
Meta's Dave Wehner leaves to join AI startup Fireworks as CFO
Dave Wehner, Meta's chief strategy officer, announced he is leaving Meta to become CFO of Fireworks, an AI training and inference platform. He praised Fireworks' focus on specialized AI intelligence and open models. Fireworks CEO Lin Qiao said Wehner will help build the company's financial and operational capabilities. The move comes as Fireworks grows rapidly in the competitive AI startup space.
Dave Wehner leaves Meta finance role for Fireworks AI
Dave Wehner, who served as Meta's CFO from 2014 to 2022 and later as chief strategy officer, is joining Fireworks AI as CFO. Fireworks is an AI startup valued at $17.5 billion that lets developers customize open AI models for business use. Wehner spent 14 years at Meta and was praised for disciplined thinking on key decisions. Fireworks competes with Together AI and Baseten in the AI inference cloud market.
TailDART model aims to speed up financial forecasting
TailDART is a new compact foundation model with 2.68 million parameters designed for financial time-series forecasting. It uses grouped-query attention to reduce memory usage and achieve up to 48.1% faster inference than existing models. The model matches the accuracy of much larger systems while handling high-volatility markets better. It targets institutional use where speed and efficiency are critical.
Alphabet considers Asia bond sale amid AI market worries
Alphabet has discussed potentially selling bonds in Hong Kong and Singapore to raise between $1 billion and $1.5 billion in Hong Kong dollars and about $1.5 billion in Singapore dollars. The possible sale comes as investors grow cautious about AI spending after US midterm election results. Alphabet has already issued bonds in multiple currencies this year, including a recent 6 billion euro offering. The company is among several tech giants borrowing heavily to fund AI infrastructure.
Q.ANT launches photonic AI hardware pilot on IONOS
Q.ANT has opened a pilot program for its photonic AI hardware on IONOS bare metal servers. The system uses optical processors that perform computations directly with light instead of traditional transistors. It targets workloads like industrial vision, time-series forecasting, and AI model inference. Early tests showed gains but also limits, since the photonic co-processors still need to exchange data with classical processors. The pilot lets real customers test whether the hardware delivers benefits in production settings.
Client Growth Strategies brings AI prospecting to OutBound Sales Conference
Client Growth Strategies sponsored the OutBound Sales Conference in Las Vegas. The company showed sales leaders how to find the right prospects using AI tools. It also builds Personal Authority AI Smart Sites for individual sales professionals. These sites include AI assistants that answer questions and book meetings so buyers find a credible company when searching online.
Google Cloud launches new security tools for AI agents
Google Cloud introduced new security products for organizations using autonomous AI agents. The updates focus on securing software development, tightening production workload controls, and improving threat detection. A key addition is CodeMender, a code security agent in preview that helps find and fix software vulnerabilities faster. Google also launched Auth Manager for credential management and Agent Identity JWT support for secure agent authentication across platforms.
Nooks secures $500M commitment from General Catalyst to scale AI sales platform
Nooks, a sales automation startup, received a $500 million commitment from General Catalyst's Customer Value Fund. Instead of taking equity, General Catalyst will receive a share of returns from the investment. Nooks introduced its Revenue Agent Platform, which handles sales tasks from first contact through renewal. The company has over 2,000 customers including Cursor, Notion, and HubSpot, and reports 135% net revenue retention.
Artificial Intelligence Technology Solutions files Form 8K for November 9
Artificial Intelligence Technology Solutions Inc. filed a Form 8K on November 9, 2026. The filing was published at 11:12 on that date. The document relates to corporate disclosures required by the company. Stock market data accompanied the filing showing various index movements and percentage changes for that trading period.
AI industry security concerns highlighted in 13 Action News Big Story
A major scandal involving a tech company CEO rocked the AI industry according to experts in Toledo, Ohio. The fallout from the scandal extended far beyond the CEO's personal life. Experts warned that the impact could affect the entire AI industry. The story was featured as the 13 Action News Big Story on November 9, 2026, raising concerns about the future of AI industry security.
Sources
- Goldman CEO Solomon says AI financing remains strong despite market jitters
- Goldman Sachs CEO on AI sentiment and data centers
- Goldman Sachs CEO said AI financing demand is still strong
- Goldman CEO: AI Financing Stays Hot Despite Market Reset
- Goldman Sachs CEO Sees $10 Trillion AI Data Center Boom Despite Growing Debt and Financing Risks
- Meta Strategy Chief Dave Wehner Departs for AI Startup Fireworks
- Meta's longtime finance chief is leaving to become CFO of Fireworks AI
- TailDART: Compute-Efficient Foundation Models for Financial Time-Series Forecasting
- Alphabet mulls Asia bond sale as AI fears fuel global volatilityÂ
- Q.ANT Opens Photonic AI Hardware Pilot on IONOS Bare Metal
- Client Growth Strategies Brings AI Prospecting and Authority Infrastructure to OutBound Sales Conference in
- Google Cloud launches new security tools for AI agents
- Nooks Secures $500M Commitment From General Catalyst to Scale AI Sales Platform
- Form 8K ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. For: 9 November
- AI industry security | 13 Action News Big Story
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