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International Business Times UK
International Business Times UK
Technology
Niloy Chakrabarti

US Needs Trillions To Stay Ahead of China in AI Race — Blackrock CEO Points to Pensions and Retirement Savings

Fink calls for private AI investment to keep the US secure and innovative, supporting CBDCs amid privacy concerns. (Credit: World Economic Forum)

While announcing a $30 million investment at the Texas State Technical College in Waco last month, BlackRock CEO Larry Fink said the US has to remain the leader in AI and that will require trillions of dollars of investments in the next few years.

He said all Americans must come together to make this possible, adding that the funds will come from the private sector, like pension accounts, retirement savings, and insurance companies.

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