TinJarMar 23

https://www.ft.com/content/58602814-8138-4a14-a32e-d82dec2d472c?syn-25a6b1a6=1

“The massive #wealth created over the past several generations flowed mostly to people who already owned #financial #assets. AI threatens to repeat that pattern at an even larger scale. The broader question is who participates in the gains. When #market #capitalisation rises but ownership remains narrow, prosperity can feel increasingly distant to those on the outside.” - Larry Fink, CEO Blackrock

#inequality #LLM #GenAI #Tax

BlackRock’s Larry Fink warns AI may intensify wealth inequality

CEO of world’s biggest asset manager says rich backers of artificial intelligence could reap most of the rewards

Financial Times
Show threadNovaFutureMar 27
@TinJar It’s telling when even the leaders of global finance recognize that current models of ownership are fundamentally broken. We have to move toward open-source and
Show threadTinJar

@novafuture

💯

Mar 27 at 6:08pmWeb