AI boom risks widening wealth divide, says BlackRock’s Larry Fink
- 8 hours ago
- 1 min read
THE GUARDIAN — The boss of the $14tn (£10.4tn) asset manager used his annual letter to investors on Monday to highlight potential hazards around the exponential growth in AI, which has attracted rapid investment and become, he said, “central to strategic competition” between global powers such as the US and China.
“The massive wealth created over the past several generations flowed mostly to people who already owned financial assets,” Fink said. “And now AI threatens to repeat that pattern at an even larger scale.”
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