"The signal from the world's largest asset manager! Fink: For ordinary people, if they don't invest in giants, AI will widen the gap between rich and poor."

BlackRock CEO Larry Fink warned in his annual letter to shareholders that the economic disruption brought by artificial intelligence will intensify wealth inequality, and the best way to address this risk is to broaden investment participation.

Fink stated that AI is "the most important technology at least since the advent of computers," and acknowledged that AI's long-term impact on the labor market is "an extremely important issue."

However, he believes history shows that transformative technologies often create enormous value, and this value mainly flows to the companies building and deploying the technology — and their investors. He wrote:

If ownership does not broaden along with this, artificial intelligence could indeed exacerbate wealth inequality.

Therefore, ordinary people participating in the market by holding shares in quality companies is a key path to resisting the economic shock of AI.

As the world’s largest asset management company, BlackRock manages about $14 trillion in assets, most of which come from pension plans.

In recent years, Fink has continually emphasized in his closely watched annual letters the importance of capital markets in creating inclusive prosperity, and has actively advocated for increasing investment participation among the global population.

Support for “Trump Account,” calls for Social Security system reform

On specific policy fronts, Fink expressed support for the "Trump Account."

This is a new type of individual retirement account, whereby eligible children can receive an initial injection of $1,000 from the U.S. federal government. Fink considers this "a step in the right direction."

He also put forward a more ambitious vision for Social Security system reform. He suggests investing part of Social Security funds into a diversified portfolio of stocks and bonds in hopes of achieving greater long-term returns, calling this "a potentially larger wealth creation lever worth serious discussion."

Fink also focused on the issue of energy affordability in his letter. As technology companies and other investors pour tens of billions of dollars into energy-hungry data centers needed to power AI models, the U.S. is facing a sharp surge in energy demand.

He believes that expanding energy supply capacity by all feasible means is crucial, and pointed out that the U.S. is lagging in solar energy. He wrote:

Large-scale solar deployment in the U.S. should be promoted in tandem with building a stronger and more diversified supply base.

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