BLACKROCK’S FINK SAYS NO AI BUBBLE BlackRock CEO Larry Fink said there is no bubble in artificial intelligence, citing the massive investment required to develop the technology. “I sincerely believe there is no bubble in the AI space,” Fink told Bloomberg at the World Economic Forum in Davos. He noted that hundreds of billions spent on AI will drive global growth, despite some inevitable “big failures.” On markets, Fink said some investors diversified away from U.S. assets last year, but he doubts major shifts will continue given U.S. economic growth. Regarding the forum itself, Fink said the board hasn’t discussed moving it from Davos, though additional events elsewhere may be considered. “Davos is Davos. It is a great town,” he said.(*Walter Bloomberg)