← All storiesBusinessDeveloping story Want to protect yourself from AI? Invest, says BlackRockâs Larry Fink | CNN Business
Artificial intelligence could widen the problem of income inequality, said BlackRock CEO Larry Fink in his annual letter to shareholders. And, while that might not be a particularly new point of view, his proposed solutions are not as typical. In his letter, released Monday, he said he believes that more participation in stock markets and a revamped Social Security program could be the answer to closing that wealth gap. âWhen we talk about the economic disruption of AI, most of the conversation is about jobs,â said Fink, whose asset management firm handles more than $14 trillion of clientsâ money, in the letter. âThatâs an enormously important question, and one that goes beyond economics. Work provides income, purpose, and dignity.â But he said that even if AI does reduce demand for some jobs, especially for entry-level white collar jobs, there are opportunities in the labor market. âIn the near term, there are roles we know are in clear demand, and pay well: skilled trades, especially the ones building the physical infrastructure of AI, like data centers, power systems, and electrical grids,â he said. He said there needs to be more than just greater training opport

Mar 23, 2026
latest update
Mar 23, 2026 → Mar 23, 2026
KEY PEOPLE, ORGS & TOPICS