Goldman Sachs CEO David Solomon says the AI revolution is similar to past technological shifts, but unfolding at an unprecedented speed. Speaking on CNBC’s “Squawk Box,” Solomon emphasized that technology has long influenced workforce composition and job roles across industries for decades. What sets AI apart, he noted, is not the nature of the change but its pace. “The speed at which AI is developing could lead to a little bit more volatility or an unsettled transition around certain job functions,” Solomon said. At Goldman Sachs, he expects the mix of engineers and other technical talent to evolve rapidly as the firm integrates AI into its operations. Despite concerns about job disruption, Solomon believes AI is enabling the bank to increase its capacity for investment over the next three to five years, fueling growth. He expressed optimism about the economy’s ability to adapt, calling it “incredibly flexible and nimble.” In a recent internal memo shared with employees and seen by Business Insider, Solomon and two other top executives announced a “limited reduction in roles” and confirmed that headcount growth would be restricted through the end of the year. This move is part of a broader transformation tied to the bank’s OneGS 3.0 initiative. OneGS 3.0 replaces the previous business strategy with a new focus on embedding AI across all levels of the organization—from client onboarding and compliance to risk assessment and decision-making. The goal is to streamline operations, reduce complexity, and boost productivity. Solomon highlighted that CEOs across industries are now prioritizing automation and process reengineering to improve efficiency. He sees this shift as a positive force for economic growth, reinforcing the idea that AI is not just a threat but a catalyst for innovation and long-term progress.