In an interview, Larry Fink, the chief executive of the world’s largest asset manager BlackRock, warned that Germany’s insufficient investment in artificial intelligence could cause the country to fall behind as competition for capital intensifies. He called for stronger AI funding to keep Germany competitive in the global market.
BlackRock recommends maintaining exposure to artificial intelligence through an active, diversified portfolio, emphasizing infrastructure, power and nuclear energy, commodities and health as sectors strengthened by AI.
The U.S. Justice Department alleges that KKR concealed key documents from antitrust regulators in over a dozen cartel cases, leading to a record fine of one million dollars being imposed on the firm.
Major asset managers including BlackRock, Apollo, KKR, Cliffwater, Blue Owl, Partners Group, and UBS are implementing redemption restrictions on investors participating in private credit, private equity, and real estate funds, affecting approximately half a trillion euros in trapped capital.