BlackRock CEO: Delays in AI Infrastructure Will Lead to Concentration Among Large Corporations
Concerns have been raised that delays in building AI infrastructure could slow down the universal adoption of technology and reinforce a market structure dominated by large corporations. In a Bloomberg interview on September 15, Larry Fink, CEO of BlackRock, stated that delays in expanding AI infrastructure increase the likelihood that technology will become entrenched in the realm of large companies. He pointed out that the shortage of affordable energy, semiconductors, and memory could narrow AI accessibility. If these shortages persist, the costs of building AI infrastructure will rise, concentrating technology in large corporations that can bear the burden. Fink remarked, "Delays are making AI the domain of large companies," adding, "The faster we increase capacity, the more we can universalize this technology to more people." He acknowledged the need for regulation and social discourse, but assessed that if delays continue without clear guidelines and operational principles, the democratization of technology will be hindered. He also added that social delays in regions like Europe or New York State would prolong the time needed for the diffusion of AI technology. Fink emphasized the necessity for guidelines and best practices for the spread of AI, stating, "How to make this technology accessible to everyone will become a more serious discussion."
-- Price
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