Technology & Skills
BlackRock CEO Larry Fink Says AI Will Boost Productivity, Worker Pay
Fink says AI will ultimately lead to higher wages as the firm produces more with fewer people.
Larry Fink
Photographer: Victor J. Blue/BloombergBlackRock Inc.’s Chief Executive Officer Larry Fink said that his firm’s investment in artificial intelligence will ultimately raise his employees’ pay.
“If we continue to drive more productivity, what it also means is rising wages,” Fink said on the company’s earnings call Friday. “So people do more, and the whole organization is doing more with less people. That is really our ambition.”