BlackRock’s Larry Fink predicts AI bankruptcies: 'That's capitalism'
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During a panel discussion at BlackRock’s 2026 Infrastructure Summit this week, the CEO of the world’s largest asset manager made it clear that as AI transforms the economy, at least “one or two” bankruptcies are inevitable.
“That’s capitalism. We’re going to have some huge successes, and we’re going to have a couple failures. OK. I’m good with that,” Fink said.
But that doesn’t mean he wants Big Tech to put a stop to its sky-high AI infrastructure investment. Instead, he wants more investment, which he said is especially important for the U.S. to beat China in the AI race.
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