Fink Says AI Threatens to Leave Masses Behind Unless They Invest

BlackRock Inc. Chief Executive Officer Larry Fink warned that the artificial intelligence boom threatens to make wealthy companies and investors even richer while exacerbating inequality, unless more individuals can share in the market gains.

“The massive wealth created over the past several generations flowed mostly to people who already owned financial assets,” Fink said Monday in his annual letter to investors. “Now AI threatens to repeat that pattern at an even larger scale.”