About this podcast
In each episode of "Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.
Episodes
The newest 50 of 651 episodes
- Playing for Scale: The Future of Sports Investing · 19 minInvestors are finding opportunities in sports as the media rights market surges and team valuations climb, Nicole Pullen Ross, head of the Sports and Entertainment Solutions…
- John Waldron on GDP Growth, AI, and the M&A Outlook · 21 minGoldman Sachs President and COO John Waldron says clients have a cautiously optimistic outlook and the surge in M&A is a sign of that confidence. In the Exchanges podcast, he…
- Brookfield’s Connor Teskey on the Real Bottleneck in the AI Buildout · 35 minThe bottleneck in the artificial intelligence (AI) buildout is neither capital nor demand, but rather the operational capability to develop land, secure a grid connection, and…
- Goldman Sachs Chairman and CEO David Solomon on AI: Implementation, Accountability, and Jobs · 17 minWith the right “rules of the road,” advancing AI doesn’t have to be a choice between innovation and safety, says David Solomon, chairman and CEO of Goldman Sachs. He also…
- Why Oil Prices Are Surging Despite Recovering Supply · 14 minMiddle East crude flows have rebounded, but precautionary buying and portfolio hedging are among the factors keeping prices elevated, says Daan Struyven, co-head of Global…
- Where Chinese Exports Are Gaining the Most Market Share · 18 minChinese exports are surging worldwide—and particularly in emerging markets, says Trina Chen, co-head of Greater China Equity Research. In the Goldman Sachs Exchanges podcast…
- Inside the Revival of Venture Capital Liquidity with an Industry Pioneer · 32 minAs liquidity in venture capital declines, the secondary market is increasingly important for investors and companies, says Hans Swildens, partner in Goldman Sachs Asset & Wealth…
- How Family Businesses Should Plan for Generational Success · 23 minCompanies with significant family ownership generate roughly 70% of global economic output and 60% of the world’s jobs. However, only three in 10 survive to a second generation…
- Why Markets May Be Pricing in Too Many Fed Rate Hikes · 18 minMarkets may be pricing in more tightening by the Federal Reserve than is warranted due to a divergence playing out in the economy, according to Goldman Sachs Vice Chairman and…
- Rich Friedman on the Rise of Private Markets and AI Investing · 42 minRich Friedman, chairman of Goldman Sachs Asset Management, says there are still plenty of investment opportunities in private equity, even as private markets have grown far…
- Why Global Bond Yields Are Surging · 25 minGovernment bond yields have surged to multi-decade highs across the US, UK, Germany, and Japan. George Cole, head of European Rates Strategy for Goldman Sachs Research, says…
- How Will Less Fed Transparency Affect Markets and the Economy? · 22 minFederal Reserve Chairman Kevin Warsh has steered the central bank into an era of less transparency. Former Fed governors Donald Kohn and Stephen Miran, as well as Goldman Sachs…
- Dipan Patel on Permira’s ‘Artisanal’ Approach to Private Equity · 34 minDipan Patel, co-CEO of Permira, joins Goldman Sachs Exchanges: Great Investors to discuss how Permira’s sector-specialized investment approach and private partnership structure…
- The Outlook for Data Center Power Demand as AI Token Use Grows · 32 minGlobal data center power demand could rise 170% by 2030 from 2025 levels according to Goldman Sachs Research’s Brian Singer and Carly Davenport. They joined hosts Allison Nathan…
- Building AI Systems for Capital Markets · 27 minKey takeaways: The "demo versus product" gap: An AI demo is judged on its best day, but an institutional-grade product is judged on its worst. Building reliable financial tools…
- Wellington’s Jean Hynes on the Art of Investing and Finding New Markets · 44 minJean Hynes, CEO of Wellington Management, has more than 35 years of experience at the firm. But she spends most of her time looking ahead, trying to envision what the world might…
- What the US-Japan Currency Intervention Means for the Yen, Rates, and the Dollar · 27 minThe US and Japan coordinated on the biggest currency market intervention in 15 years, helping to stabilize a weakening yen. Karen Fishman, senior FX strategist in Goldman Sachs…
- Steven Tananbaum: The Evolution of Credit Investing and AI Opportunities · 29 minGoldman Sachs President John Waldron speaks with Steven Tananbaum, CIO of GoldenTree Asset Management, about how GoldenTree became a credit-focused asset manager overseeing $70…
- How AI Debt Is Reshaping Credit Markets · 25 minCredit markets are playing a growing role in the buildout of artificial intelligence, with nearly $500 billion of AI-related debt issuance so far in 2026, according to estimates…
- What the Surge in IPOs Means for Investors · 20 minUS IPO issuance has surged to a record high in 2026. But this resurgence raises two concerns for the equity market: whether it is flashing a late-cycle warning sign and whether…
- US Midyear Outlook: Geopolitical Shocks, the New Fed Era, and Growth · 18 minAs a newly installed chairman takes the helm of the Federal Reserve, US monetary policy remains uncertain amid a soft inflation print and escalating tensions in the Middle East…
- The Growth of the Space Industry · 17 minFalling launch costs, innovations, and AI are fuelling a space economy that could reach $1 trillion by the 2040s, according to Michael Tarulli and Erik Sparks in Goldman Sachs…
- Ken Griffin on US-China Tensions and AI · 29 minKen Griffin, the founder and CEO of Citadel, expects agentic artificial intelligence (AI) to enable a “golden age” of entrepreneurship and eliminate some corporate moats, even as…
- How Will AI Affect Jobs? · 29 minRapid improvements in AI capabilities and growing corporate adoption have led to predictions that the technology could spark large-scale job losses before the end of the decade…
- What the IPO Boom Tells Us · 10 minIPO activity has been on the rise in 2026. What does that tell us about investor sentiment, and what impact could the IPO boom have on US equities going forward? Ben Snider…
- Maverick Capital Co-CIOs on Finding the AI Winners · 23 minBen Silver and David Tykocinski, co-CIOs of Maverick Capital, say their investment strategy has, in some respects, been the same for three decades: Rather than trying to time the…
- How the US-Iran Deal Could Affect Oil Prices · 11 minOil prices are expected to fall further following news that the US and Iran agreed to end hostilities and reopen the Strait of Hormuz. But oil is unlikely to return to pre-war…
- Private Markets at an Inflection Point · 25 minPrivate markets have stalled since interest rates started to rise in 2022, even as public markets have climbed to new highs. But a period of sustained economic growth along with…
- The AI Investment Boom: When Will It Pay Off? · 24 minThe economics of artificial intelligence are more questionable today than two years ago, says Goldman Sachs Research's Jim Covello, as enterprise buyers, model companies, and…
- ‘Complexity is Our Friend’: James Brocklebank on Advent's Private Equity Strategy · 32 minAdvent Co-Chair James Brocklebank explains why complex markets can create opportunities for private equity investors. This episode was recorded on April 21st, 2026. The…
- Can the Asia Equity Rally Continue? · 22 minThe equity story across Asia has split into two very different paths this year, with North Asian markets pulling ahead on the strength of the artificial intelligence trade while…
- Innovation and Inflation: Twin Forces Reshaping Portfolios · 20 minTechnology stocks have staged a formidable rally, elevating innovation from a thematic tilt to a core portfolio driver. Yet this tailwind arrives alongside a recurring challenge…
- Pressures in Private Credit · 25 minAfter over a decade of rapid growth and relative calm, the private credit market has come under pressure as several high-profile defaults, concerns about valuations, and exposure…
- Will AI Make Markets Less Efficient? · 19 minHow is AI changing investment strategies? In this episode, Osman Ali, global co-head of Quantitative Investment Strategies in Goldman Sachs Asset Management, explains the impact…
- How Warsh Could Shape Fed Policy · 16 minHow will President Trump’s nominee for the Federal Reserve, Kevin Warsh, shape monetary policy if confirmed as Fed chair? Goldman Sachs’ Rob Kaplan, vice chairman and the former…
- Farallon Capital's Nicolas Giauque on Investing for the Long Term · 20 minManaging Partner and CIO Nicolas Giauque of Farallon Capital—a multi-strategy firm founded 40 years ago—talks about the investing opportunities he sees today and his view of the…
- Apollo's Jim Zelter on the Future of Private Credit · 38 minApollo Global Management President Jim Zelter talks about the unprecedented surge in capital expenditures, the future of private credit, and where he’s seeing investment…
- Why Aren’t Investors More Worried? · 20 minGoldman Sachs Research’s Dominic Wilson discusses the impact of the Iran conflict—including the US blockade of the Strait of Hormuz—on global markets. In discussion with…
- Natural Gas in Focus: Iran Conflict Could Have ‘Very Painful’ Consequences · 16 minWhile oil dominates headlines amid the Iran conflict, an equally unsettling story is playing out in natural gas markets that may pose an even greater threat. In this episode of…
- AI Exchanges: Power Problems? · 20 minAs the demand for AI-powered data centers continues to grow, Goldman Sachs Research’s Brian Singer explains the potential sources—and constraints—of power demand growth. This…
- The Business Builder: New Mountain Capital's Steve Klinsky · 35 minSteve Klinsky, founder and CEO of New Mountain Capital, joins Goldman Sachs’ Alison Mass to discuss the macro landscape, his approach to building businesses, the evolution of the…
- Iran Conflict: How Long, and How Bad? · 20 minThe Iran conflict has triggered the largest energy supply disruption in history with shipping traffic in the Strait of Hormuz nearly at a standstill and regional energy…
- Private Credit Concerns in Context · 31 minGoldman Sachs’ Alex Blostein and Vivek Bantwal discuss the market sentiment, fundamentals, and the outlook for the private credit sector. This episode was recorded on March 19th…
- Lloyd Blankfein on His Memoir Streetwise, Risk Management and Leadership · 31 minGoldman Sachs’ culture has long been defined by its core values: partnership, client service, integrity, and excellence. Lloyd Blankfein, Senior Chairman of The Goldman Sachs…
- Emerging Markets: Stirred, But Not Yet Shaken · 15 minGoldman Sachs Research’s Kamakshya Trivedi analyzes the market’s reaction to the conflict in Iran and the case for emerging markets. This episode was recorded on March 12, 2026…
- Goldman Sachs International’s Co-CEOs on Europe’s Opportunity, AI, and Market Volatility · 27 minGoldman Sachs International Co-CEOs Anthony Gutman and Kunal Shah discuss CEO sentiment, market volatility, and the case for Europe. This episode was recorded on March 12, 2026…
- Can Software Survive AI? · 15 minGoldman Sachs Research’s Gabriela Borges explains how AI disruption has been affecting the software sector and what it will take for the sector to stabilize. For more, also read…
- Oil Market Impacts from Iran · 13 minGoldman Sachs Research’s Daan Struyven, co-head of Global Commodities Research and Head of Oil Research, discusses how the strikes in Iran could affect the oil market…
- Why Japanese Stocks Could Keep Rallying · 18 minGoldman Sachs Research’s Bruce Kirk discusses the implications of Japan’s recent snap election and the implications for the equity market and foreign investors. Date of…
- The New AI Trades · 16 minGoldman Sachs Research’s Ryan Hammond explains how AI disruption is creating large sector rotations even as equities continue to move higher. This episode was recorded on…
