AI boom risks widening wealth divide, says BlackRock's Larry Fink

BlackRock CEO Larry Fink warned in his annual investor letter that the AI boom risks widening wealth inequality, as companies with data, infrastructure, and funding to deploy AI at scale are positioned to benefit disproportionately. He noted that while AI will create significant economic value, ownership of gains remains narrow, and concerns about an AI investment bubble are growing amid soaring valuations and circular investments among leading tech firms.