BlackRock CEO Larry Fink has issued a major warning that the rapid advancement of Artificial Intelligence could severely widen the global wealth divide. According to a new report from The Guardian, the head of the massive asset manager stated that, while AI will drive unprecedented economic growth, those financial benefits will primarily concentrate among the corporate elite, who already hold significant capital. Fink stressed that without major structural interventions the working class will be left completely behind in the new automated economy.
Source: EchoOfOppenheimer