BlackRock CEO Larry Fink Flags a Different AI Risk, and It Isn’t the Bubble

BlackRock CEO Larry Fink has flagged a different risk in the artificial intelligence (AI) boom. He warns that government deficits and tech-heavy private demand are competing for limited capital, which could make borrowing more expensive for homebuyers and businesses. In a Wall Street Journal op-ed, Fink called today’s contest for funding the biggest he has seen in 50 years in finance. Deficits and AI Chase the Same Dollars According to Fink, government deficits across the developed world now compete with heavy private demand, much of it from tech firms. Power, housing, industrial capacity and other infrastructure need trillions more. US federal debt alone has reached a record $40 trillion , he noted.

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