Capitalism has failed to spread wealth and prosperity — and AI could do the same, says BlackRock CEO

Larry Fink, the CEO and chairman of Blackrock, and co-chair of the World Economic Forum

Fabrice COFFRINI / AFP via Getty Images

• Larry Fink critiqued capitalism during his opening remarks at the World Economic Forum on Tuesday.
• Capitalism has focused wealth in the hands of a narrow minority since the end of the Cold War, said the BlackRock CEO.
• The concentration of wealth could repeat in the AI era, he added.

Larry Fink, the CEO of BlackRock, the world's largest asset management firm...