BlackRock CEO Larry Fink.APLarry Fink, CEO of BlackRock, believes AI will increase productivity and wages.His firm has increased assets while keeping head count the same which Fink credits to AI advances.Although AI optimists hope it'll raise wages, others are more skeptical and fear job displacement.Larry Fink, CEO of BlackRock, said on a recent earnings call that the company's investments in AI will drive up productivity and raise wages.Fink said the firm had increased assets by $2.5 trillion over the last 18 months while keeping head count the same, which he credits to productivity gains from technology advances, including AI."We're going to bring down inflation in America.
Blackrock's Larry Fink Thinks Ai Will Boost Wages — And Productivity
abacon@insider.com (Alexandra Bacon), Business Insider
Tue, 04/16/2024 - 5:46am
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