BlackRock's Larry Fink urges trillions in AI investment to keep US ahead, citing national security risks if China advances. His proposal to use retirement savings sparks social media uproar.
That guy actually loses out if Musk et al fuck up Nasdaq. Blackrock makes money from management fees and those decrease when the fund’s value goes down.
But BlackRock also has Chinese index funds so that’ll make up for the shortfall, he doesn’t really give a fuck if the US wins the “AI race” or not.
Only that fuck from nvidia cares, if US wins they sell more chips. If they loose they have competition. Fortunately China just announced a new chip technology “projected to deliver capabilities comparable to 1.4-nanometer process technology by 2031” so we’ll eventually have competition to bring down prices.
I suspect Musk did it first and now that guy wants in on the scam too
That guy actually loses out if Musk et al fuck up Nasdaq. Blackrock makes money from management fees and those decrease when the fund’s value goes down.
But BlackRock also has Chinese index funds so that’ll make up for the shortfall, he doesn’t really give a fuck if the US wins the “AI race” or not.
Only that fuck from nvidia cares, if US wins they sell more chips. If they loose they have competition. Fortunately China just announced a new chip technology “projected to deliver capabilities comparable to 1.4-nanometer process technology by 2031” so we’ll eventually have competition to bring down prices.