New Delhi, Oct. 5 -- Some people will likely lose money in the coming "drawdown" from the artificial intelligence (AI) boom in the equity markets, according to Goldman Sachs CEO David Solomon, CNBC reported.

The stock markets have jumped to record highs thanks to AI, but as with the nature of market cycles, Solomon feels that over the next one to two years, "there are going to be winners and losers", it said.

Speaking at the Italian Tech Week in Turin, Italy on October 3, CNBC reported Solomon giving the example of the early 2000s dotcom bubble, as a point of reference for how he views AI's market boom.

"Markets run in cycles, and whenever we've historically had a significant acceleration in a new technology that creates a lot of capit...