The global economy It is revolutionized since the US president, Donald Trumpannounced the application of tariffs for imports from various countries. Amid the volatility produced by the measure of the Republican leader, the Blackrock CEO, Larry Fink, analyzed the future of the US economy, the Impact of artificial intelligence in the markets and the consequences that this will have in the energy industry.
“The advances of AI and robotics will transform almost every business we can imagine. If we consider what technology can do, we probably need fewer people. Everything will change, even the way wars are fought, “Fink said about the changes they will produce – transversely to all industries – new technologies.
What will happen in the global economy after the announcement of Donald Trump’s tariff
The Blackrock CEO was defined as “a firm believer that the prolonged cycle of the world economy will be fine“In that sense, he explained that in the future”There will be opportunities“And that” the need for global trade will only be greater and stronger, no weaker“
In reference to the United States, one of the most relevant economies in the world, Fink analyzed that in the short term there will be more inflation: “In the course of the next six to nine months, We will see a slightly higher inflation” As detailed, this will not only happen due to the impact of tariffs but also for strong immigration measures that He is taking republican management.
“Deportations and the speed at which this is happening will have a severe impact on the agricultural sector and in him construction sector. I have spoken with several CEO of the agricultural sector that remind me that the 70% of men and women who work in agriculture were not born in the United States. And 40% of construction workers were not born in the US when spring crops are at their maximum level, which we will not have enough workers. All this will generate underlying inflation“He said about the future.
Although before this, Fink predicted that, in the coming years, there will be a generalized deflation process Due to the advance of technology, which will reduce production costs.
What did Blackrock CEO on the impact of artificial intelligence
That AI arrives to stay is no longer a novelty. More and more companies around the world adopt these types of tools to collect information, generate customer service agents, and incorporate them into their production chain.
“The advances of AI and robotics will transform almost every business we can imagine. If we consider what technology can do, we probably need fewer people. Everything will change, even the way in which wars are foughtas is happening in Ukraine with the drones, or Israel’s successful strategy in Lebanon, against Hezbollah.
Different industries, such as telephone in Asiathey began to strongly adopt the use of Robots AI in their productive chains. In this sense, the Blackrock CEO said that, if that extends to all economies, “we will have job scarcity in some sectors, such as construction, and we will have labor transformations in many other industries that robots through AI will provide”
“Social implications are quite scary, And we have to be aware about it ”, He warned.
How the energy market will be supported before a growing demand for the AI industry
Different magnates are alerting the possibility that the next major crisis in the world is due to lack of energy supply. In this sense, the CEO of Tesla, Elon Musk, He assured that the demand for this type of technology It is multiplied by ten every six months.
Given this scenario and about the development of the energy industry, Fink said: “When we talk about the fact that we would have to focus on the decarbonizationI still believe in that. But I also warn that any decarbonization technology at this time is highly inflationary“
“Everyone speaks About the opportunity with hydrogenbut is anyone willing to pay the cost of this technology? We have to work side by elbow trying to find ways to reduce the cost of wind and solar energy and other energy sources, “he urged although he added that”We will depend on the dispatchable energy for a long time“
“We were talking to many of the Hyperscalers (large data centers) and about four years ago they said that the supply It had to be of renewable energy. Two years ago they said that preferred The renewables. And today they just care have energy. Things do not stay the same, I think we could be using a lot of dispatchable energy, ”he said as an example.
Source: Ambito
