Global Advisors | Quantified Strategy Consulting

John Waldron

"I still think that the vast majority of the price discovery in these transactions will come from the large institutional pools of capital. And so, at the end of the day, that's really the thing that that's going have to go well in the context of making these deals [such as SpaceX, OpenAI and Anthropic] work." - John Waldron - Goldman Sachs

Quote: John Waldron – Goldman Sachs

"If there are problems in software, it will first start to show up in the riskiest part of the capital structure, which is equity. So that stands to reason. To me, too much press has been spilled on private credit and not enough focus on the fact that there's a whole bunch of equity underneath that that is the first loss position, and that's where you probably want to pay the most attention earliest." - John Waldron - Goldman Sachs

Quote: John Waldron – Goldman Sachs

"Ultimately, I don't know what [AI] means in terms of our headcount and how many people are doing which jobs. I'm sure there'll be some new jobs that get developed, but one thing I'm pretty convinced of is that our really capable, smart people are going get more capable... Hopefully that means our client relationships become stickier, the value proposition becomes stronger." - John Waldron - Goldman Sachs

Quote: John Waldron – Goldman Sachs

"We’re seeing 20, 30, 40% productivity gains in coding, in some cases, much more than that. I think the more we can develop that [AI] capability, the better we'll be… we'll be able to push more output, you know, with a relatively similar number of coders." - John Waldron - Goldman Sachs

Quote: John Waldron – Goldman Sachs

"We're not replacing all of our people with digital agents, but we're going expect you to understand how to work with a digital agent… Or if you're in the front office part of the firm talking to a client, we're going expect you to understand how to use that tooling to make your relationships stronger and to deliver a better value proposition." - John Waldron - Goldman Sachs

Quote: John Waldron – Goldman Sachs

"The more [AI] literacy you have, the more you're going to understand how to be confident with it and use it to your advantage. And the more attractive you're going to be to organizations like [Goldman Sachs]." - John Waldron - Goldman Sachs

Quote: John Waldron – Goldman Sachs

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