Bloomberg Talks BlackRock CEO Larry Fink Talks AI Bubbles
Jan 22, 2026
Larry Fink, the Chairman and CEO of BlackRock, shares his insights on the future of AI, firmly stating there is no AI bubble while emphasizing the significant capital required to support its growth. He discusses his role at Davos, the dynamics of U.S. asset allocation, and the positive shifts in geopolitical climate since the forum. With a focus on long-term investing, Fink encourages investors to look beyond short-term volatility and highlights European capital market reforms as a potential model for growth.
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Why Davos Still Matters
- Fink recounts taking on Davos co-chair duties and building the 'spirit of dialogue.'
- He credits the forum's mix of world leaders and CEOs for enabling open conversation.
No AI Bubble, Big Infrastructure Needed
- Larry Fink believes there is no AI bubble and expects large capital spending to build infrastructure.
- He says AI CapEx will drive global growth and require massive upgrades to energy and grids.
AI Could Unlock Cheaper Energy
- AI could accelerate new, cheaper sources of power and lift global development.
- Fink connects abundant cheap energy from AI to broader economic and scientific advances.