# Goldman Sachs CEO Acknowledges AI Music Tools Exploit Artists — While His Bank Underwrites AI IPOs

_General · published 2026-06-25_

Goldman Sachs CEO David Solomon drew fresh criticism after publicly conceding on Bloomberg's Odd Lots podcast that AI music applications are trained on artists' content without compensation — a notable admission from a banker who had previously enthused about AI music tools to Wharton graduates, playing a song generated in ten seconds using an app called Tuno. Solomon acknowledged that "these AI apps are using other people's content in some way, and the artists aren't getting in any way compensated for that," while stopping short of proposing any concrete remedy.

The criticism leveled at Solomon centers on a glaring conflict of interest: Goldman Sachs is actively leading or co-leading IPOs for major AI firms, including SpaceX and Anthropic, and has floated bullish projections designed to inflate those valuations. Critics argue that Solomon's sympathy for unpaid artists rings hollow when his bank stands to profit enormously from the very companies whose business models depend on unlicensed creative work. The episode underscores a broader tension in the AI industry — where the path to artist compensation typically requires costly litigation with uncertain outcomes.

## Sources
- [gizmodo.com](https://gizmodo.com/goldman-sachs-ceo-says-its-time-for-artists-to-seize-the-means-of-production-2000767571)
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