This concludes my three-part series on the dramatic influence of AI on the global stage. Stay tuned for my upcoming articles, where I will delve into the best practices and methodologies to harness AI for transforming your business.
BlackRock, the world’s largest asset manager with $10 trillion in assets, exemplifies the extraordinary influence AI can wield in global finance. This vast asset control is comparable to half of the United States’ GDP, concentrated in the hands of a single corporation.
Central to BlackRock’s dominance is its AI-driven platform, Aladdin. This sophisticated system integrates advanced investment tools, risk analytics, and trading capabilities, allowing BlackRock to parse vast datasets for precise investment decisions and risk management.
Aladdin’s capabilities extend beyond financial analytics; it collects extensive data, including personal information from individuals interacting with BlackRock. This raises significant privacy concerns and highlights the potential for AI to centralize power dangerously.
BlackRock’s influence is felt across industries. Its significant stakes in major companies necessitate that firms like Fox, Comcast, and Disney consult with BlackRock before making major business decisions.
This control demonstrates how AI-powered platforms can extend an entity’s influence far beyond traditional boundaries, affecting everything from media to manufacturing.
As AI continues to evolve, its role in centralizing power underscores the need for stringent regulatory frameworks to prevent the concentration of power and ensure competitive, fair market practices.
By Terry Vermeylen, dedicated to unraveling the complex interplay between AI and global power dynamics, aiming to safeguard our world one insightful step at a time. Connect with me at my website, worldclasssupplychain.com.