BlackRock is a US asset manager led by CEO Larry Fink. Recent coverage centers on its views of AI and markets: Fink warned that slow data-center buildout is inflationary and that public pushback could concentrate AI in large firms; fixed-income CIO Rick Rieder called the AI-driven debt boom the best bond opportunity in years; and the BlackRock Investment Institute's Jean Boivin turned positive on long Treasuries. The firm also raised emerging-market equities to overweight and is reportedly in talks to join OpenAI's $30 billion round.
BlackRock's Rieder sees AI debt boom as top fixed-income opportunityBlackRock global fixed income CIO Rick Rieder said the AI-driven debt boom is creating the most attractive fixed-income opportunities in years, surpassing long-dated US Treasuries. He said he has never seen financing of this size across debt and equity markets, and spent much of his career waiting for 7% yields.
Bloomberg Show Examines AI Jitters, Oil and Big TechBloomberg's The Close discussed AI market jitters, oil prices and Big Tech around the Wall Street closing bell, with guests from BlackRock, AXA, Mizuho Securities, AlixPartners and Interactive Brokers. No specific figures or AI deals were disclosed.
BlackRock's Boivin: AI buildout influences rates, long Treasuries attractiveJean Boivin, head of the BlackRock Investment Institute, said the firm has turned positive on US Treasuries, noting that the AI buildout is influencing rates and that long-term Treasuries are "starting to be attractive."
BlackRock's Fink Says Slow Data-Center Buildout Is InflationaryBlackRock CEO Larry Fink warned that delays in building data centers could raise computing costs and threaten economic growth as AI demand accelerates.
Modal Labs tops week's US funding with $750MUS megadeals slowed this week, with only two rounds in the hundreds of millions. AI infrastructure provider Modal Labs raised $750M in a Series D led by Accel at a $15.75B valuation and said it passed a $1B annual revenue run rate; construction automation firm Icon followed with $200M. Biotech, insurance and AI also drew larger rounds.
BlackRock: AI reshaping economy beyond techBlackRock's US Head of Equity ETFs Jay Jacobs said AI is expanding beyond tech into healthcare, manufacturing, and financial services, while rising compute demand highlights physical constraints around electricity, semiconductors, and critical materials, making infrastructure increasingly important.
OpenAI in $30 Billion Round Talks With UAE Funds, BlackRockOpenAI is in talks with multiple UAE investment funds, including Abu Dhabi-based MGX, to help anchor a $30 billion financing round for the ChatGPT maker, according to people familiar with the matter. The deal is not yet finalized.
Fink: Pushback Will Make AI a Large-Firm DomainBloomberg reports BlackRock CEO Larry Fink warned that public pushback could delay AI deployment, turning the technology into a domain dominated by large firms and limiting access for smaller players and the public.
BlackRock raises EM equities to overweight on AI and earningsBlackRock raised its recommendation on emerging-market equities to overweight, citing access to scarce resources needed for the AI boom and strong earnings as drivers for expected outperformance.
Anthropic Offers New Claude Tool for Financial AdvisorsAnthropic is pitching a version of Claude for financial advisers that combines the chatbot with financial analytics and risk-management technology operated by firms such as BlackRock and Vanguard.
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