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Neema Raphael, Chief Data Officer at Goldman Sachs, brings a wealth of knowledge on data strategy. She shares her journey from software engineer to leading data efforts, emphasizing the transformative potential of generative AI. Neema discusses the critical need for cultural shifts towards probabilistic models in finance and addresses the myth of data scarcity, arguing for the role of synthetic and proprietary data. She also highlights the importance of data cleaning and linking in unleashing AI's true business value, while addressing AI's impacts and her personal uses of technology.

In this insightful discussion, Erica Groshen, former Commissioner of the U.S. Bureau of Labor Statistics, shares her expertise on economic data reliability. She emphasizes the necessity of scheduled revisions for accurate statistics and highlights how pandemic-related changes have affected data quality. Groshen warns against the dangers of political influences on data integrity and notes that recent staff cuts threaten the BLS’s resilience. The conversation also explores the implications of losing trust in official statistics and the importance of timely data for decision-making.

Asad Haider, Head of the U.S. Healthcare Business Unit at Goldman Sachs Research, dives into healthcare's recent struggles due to AI shifts and policy uncertainties. Amit Sinha, Head of Life Sciences Investing at Goldman Sachs Asset Management, discusses why private capital is crucial for biotech and highlights groundbreaking advancements in areas like genetics and immunology. Both guests uncover innovative pockets within the industry, from oral obesity treatments to oncology strategies, painting a hopeful picture amid challenges.

Darren Cohen, co-head and chief investment officer of Growth Equity at Goldman Sachs Asset Management, shares his unique journey from potential careers in philosophy or law to tech investing. He reflects on lessons learned from the tech bubble and underscores the importance of a long-term investment strategy. The conversation dives into current opportunities in AI, SaaS, and healthcare technology, while emphasizing the transformative power of AI in reshaping investment approaches. Cohen also highlights untapped sectors and the critical infrastructure needed to harness their potential.

Brian Brooks, former acting comptroller of the currency and CEO of Meridian Capital Group, joins Barry Eichengreen, a UC Berkeley professor and expert on monetary history. They dive into the evolving landscape of stablecoins, discussing the regulatory implications of the Genius Act and the potential for a more competitive market. The debate between CBDCs and stablecoins unfolds, outlining their respective roles in financial systems. Additionally, they explore how stablecoins could impact demand for U.S. treasuries, leaving listeners pondering the future of digital currencies.

Jeff Aronson, co-founder and managing principal of Centerbridge Partners, shares his inspiring journey from law to finance during a market crash. He discusses the evolution of distressed investing, the founding of Centerbridge, and the importance of mentoring in building successful partnerships. Exploring current trends in alternative assets, he highlights the role of debtor-in-possession loans and initiatives to promote diversity in finance. Aronson also reflects on his leadership style and personal investment insights, emphasizing adaptability in a changing market.

Raffaele Savi, the Global Head of BlackRock Systematic, dives deep into the evolution of quantitative investing. He discusses how innovations like AI and big data are reshaping investment strategies. Savi reflects on the recent market volatility and the importance of adaptability and effective risk management for systematic investors. Personal insights on balancing family, exercise, and music illustrate his optimistic outlook for the future, emphasizing that collaboration and continuous learning are key to navigating the financial landscape.

Mike Speiser, Managing Director at Sutter Hill Ventures and a key player behind successes like Snowflake and Pure Storage, dives into the art of building great companies. He emphasizes the significance of integrity and collaboration in a unique funding model. Mike shares insights into Snowflake's groundbreaking journey and stresses the need for continuous innovation in leadership. He also discusses AI's role in health and the importance of balancing passion with personal responsibility in a fast-paced world.

Joseph Briggs, a leader in global economics research at Goldman Sachs, joins the discussion on AI's transformative impact on employment. They analyze the potential labor displacement as AI adoption rises, particularly in sectors like technology and finance. The conversation covers the increasing demand for AI skills and the contrasting struggles faced by new graduates. They also reflect on historical technology shifts, highlighting the dual aspects of innovation and the emerging challenges in hybrid work models, particularly the reduction of junior roles.

John Marshall, Head of Derivatives Research at Goldman Sachs, dives into the thrilling world of meme stocks and their latest resurgence. He unpacks the factors driving this revival, linking it to the influence of retail traders and new market dynamics. Discussion includes how retail investors are blending options with stock strategies, and how hedge funds are adapting to this trend. Marshall also reflects on the optimistic sentiment shift among retail investors amidst a robust job market, highlighting the critical indicators to watch.