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Solomon Welcomes Goldman Interns to an Innovation Supercycle

With SpaceX’s $75 billion IPO marking a historic milestone for the firm, Goldman Sachs CEO David Solomon is welcoming 2,500 summer interns into an environment he describes as an innovation supercycle, defined by surging global M&A volumes and the rapid, transformative influence of artificial intelligence across all sectors.

Biography OnlineJune 12, 20261,290 reads0

The firm’s latest cohort faces a selective landscape, with an acceptance rate dipping below 1%. Dan Dees, co-head of global banking and markets, emphasized the staggering scale of client ambition during recent orientations, positioning the new hires at the center of a volatile yet high-growth financial ecosystem. Global M&A activity has already eclipsed $2.6 trillion this year, a figure Solomon cites as evidence of a fundamental shift in how industries consolidate and operate.

In his welcome letter, Solomon urged the interns to embrace a growth mindset, specifically encouraging them to experiment with the firm's internal AI solutions to enhance team workflows. He stressed the importance of balancing high standards with disciplined risk management, advising the newcomers to remain vigilant while navigating a market defined by record-high trading volumes and constant change.

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