BlackRock Inc. Chief Executive Officer Larry Fink was speaking at his firm's investor day.
- Fink says declining productivity has been a key issue within global economies and a major “reason why we have such sticky inflation”.
- But, his view is that AI has tremendous potential to boost productivity. And therefore “may be the technology that can bring down the inflation.”
![Rick Reider is BlackRock's global fixed income CIO & PM, BlackRock is a multi-trillion fund manager](https://images.forexlive.com/images/BlackRock_id_b1189e22-7a96-43dd-805d-8f5824e9a3c6_original.jpeg)
Sheesh. Thanks Mr. Fink.
This was way back in February:
- Artificial intelligence isn't just a technology story, it's a macro story
- JP Morgan says Artificial Intelligence could prove VERY deflationary (remains to be seen)
Maybe he found these pieces on the Google.