While BlackRock is optimistic about the potential of AI, with CEO Larry Fink stating that the company's investments in AI would boost productivity, others are more cautious. IMF Managing Director Kristalina Georgieva warned that AI could hit the job market "like a tsunami," leading to misinformation and increased inequality if not managed well.
Key takeaways:
- BlackRock COO Robert Goldstein revealed that a strategy memo was written by AI program ChatGPT and employees couldn't tell it was produced by AI.
- The feedback Goldstein received on the AI-generated memo mostly centered on its tone, with some employees not liking the 'computer's tone'.
- BlackRock has been bullish about the promise of AI, with CEO Larry Fink stating that the company's investments in AI would bolster productivity and lead to rising wages.
- IMF Managing Director Kristalina Georgieva warned that AI could strike the job market 'like a tsunami', leading to more misinformation and inequality in society.