BlackRock CEO Larry Fink Says AI Will Drive Up Wages and Boost Productivity by 2024

According to Larry Fink, the CEO of BlackRock, the world’s largest asset manager, artificial intelligence (AI) will drive up wages and boost productivity by 2024. Fink believes that AI will automate many tasks currently performed by humans, leading to increased efficiency and productivity. This, in turn, will result in higher wages for workers as companies become more profitable. Fink also predicts that AI will create new job opportunities in fields such as data analysis and machine learning. However, he acknowledges that the transition to an AI-driven economy will be disruptive and that workers will need to adapt and acquire new skills to remain competitive. Fink emphasizes the importance of investing in education and training programs to prepare the workforce for the AI revolution. Overall, Fink’s comments highlight the potential of AI to transform the global economy and the need for businesses and governments to proactively address the challenges and opportunities presented by this emerging technology.

Source: https://www.businessinsider.com/blackrock-larry-fink-ai-will-drive-up-wages-boost-productivity-2024-4