Goldman Sachs CEO David Solomon, one of the top executives on Wall Street at one of its most storied investment banks, has a take on the artificial investment (AI) bubble. It’s just the same as any other time a lot of capital chased a boom in one sector of the economy. But he insists he’s “not smart enough” to know whether it’s a bubble or not.

What he’s sure about is that “it’s not different this time.”

Speaking on Friday at a tech conference in Turin, Italy, Solomon said in remarks reported by the Financial Times that this is the kind of thing you see in booms and in busts. “There will be a lot of capital that was deployed that didn’t deliver returns,” he said. That’s no different from how investment works. “We just don’t know how that will play out.”

He added that he’s bracing fo

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