Squawk Pod Squawk Pod Reports from Davos: BlackRock CEO Larry Fink 01/23/25
Jan 23, 2025
Larry Fink, CEO of BlackRock and a leading voice in finance, discusses groundbreaking ideas at the World Economic Forum. He dives into the $500 billion Stargate AI project and its transformative potential for the economy. Fink advocates for tokenizing equities, a move he believes could revolutionize investing. The conversation also touches on inflation risks, the bond market's influence, and the challenges surrounding ESG policies. His insights highlight a future where technology reshapes finance and accessibility for all investors.
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AI Infrastructure Investment
- Trillions of dollars will be needed for AI infrastructure like data centers and power sourcing.
- This will involve technology, power sourcing, and capital markets.
BlackRock's AI Fund
- BlackRock's AI investment fund has secured initial capital and seeks additional equity and debt.
- The initiative aims to support various companies and countries in AI development.
Market Outlook and Inflation
- Larry Fink is cautiously optimistic about markets but acknowledges potential inflationary pressures from AI.
- He suggests the 10-year bond yield could exceed 5%, potentially impacting equity markets.