AP
- Larry Fink, CEO of BlackRock, believes AI will increase productivity and wages.
- His firm has increased assets while keeping its head count the same. Fink credits this to AI.
- 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.