Goldman Sachs CEO flagged financing risk in AI data center buildout
Goldman Sachs CEO David Solomon said Goldman is being selective about the financing risks it takes. He cited studies estimating that data center buildout in the United States could require more than $10 trillion through 2032. He acknowledged that higher rates, geopolitical instability and local opposition to data centers could affect how quickly projects advance.
NoteFor lenders and deal teams, the financing side of the buildout is a credit question as much as a technology one. Solomon said he expects the expansion to draw money from public and private markets through borrowing and investment in company ownership.
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