Isn't this why this statement should be taken seriously? But your statement implies the opposite, which is to ignore Larry Fink's warning. That appears irrational.

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unixhero 2 days ago | parent | next [-]

No logically, it would be that Blackrock did not pursue its business any further.

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jart 2 days ago | parent | prev [-]

This is a man who's dedicated his life to enriching passive investors. The people building AI are working hard to push the frontiers of science and technology. They deserve to get rich. Because they're creating new wealth for all of us. Yet for some reason Larry Fink views this as a problem. That tells you all you need to know. His loyalty is to the idle ruling class that's so incompetent they need him to manage their wealth. Blackrock is a business that charges people a fee to take control of their shareholder voting rights basically, which is a power he's abused for years. Financial people don't build anything. Yet somehow the system gives him the authority to dictate decisions for the people who do. That system needs to change.

	▲	bluefirebrand 2 days ago \| parent \| next [-]
		> Because they're creating new wealth for all of us Let's not give them too much credit here. They are aiming to capture the vast majority of that wealth for themselves, the rest of us are going to be fucked
	▲	crostlybostly 2 days ago \| parent \| prev \| next [-]
		If you believe in AI hype (which you seem to) you should acknowledge the passive investors are the ones funding the massive data center buildouts, infrastructure investment, and paying for R&D that has not yet proven profitable. This may make you sad, but the system exists to allocate capital to projects like this. And without large financial institutions and concentrated wealth, none of that would happen.
	▲	asksomeoneelse 2 days ago \| parent \| prev [-]
		This is an overly charitable take on the role of AI companies. A more realistic view would be that they shamelessly plundered the work of millions of people, used it to destroy the livelihood of the original creators, while making a profit for themselves out of this collective nightmare.