Larry Fink, CEO of BlackRock, stated that despite global market fluctuations due to the escalation of conflicts involving the US, Israel, and Iran, investors should focus on the robustness of long-term investments and highlighted that artificial intelligence will be a core force driving profound economic changes in the future.
Economic and Market Volatility
Fink pointed out that the current global market uncertainty, especially due to geopolitical conflicts, soaring oil prices, and supply chain disruptions, has caused significant market volatility. In this turbulence, Fink emphasized that instead of seizing market opportunities in the short term, continuous investment should be maintained. According to BlackRock's data, every dollar invested in the S&P 500 Index over the past 20 years has increased by more than eightfold.
The Transformative Role of Artificial Intelligence
Fink also specifically mentioned the rapid development of artificial intelligence and its profound impact on the global economy. He believes that artificial intelligence will bring enormous economic value to various industries and will also redefine jobs and business models. Furthermore, artificial intelligence will continue to be a key area of competition globally, especially between China and the United States.
Investment Outlook
For investors, Fink suggests they should adapt to the changes brought about by artificial intelligence and other disruptive technologies, which means both seizing opportunities arising from technological advancements and being prepared to face the risks posed by traditional companies that fail to adapt to these changes.
