Some people say that artificial intelligence has gone too far.
For example, AI can now create realistic images and audio known as “deepfakes” that mislead audiences, chatbots can store information from “conversations” with users (1), and 80% of Gen Zers surveyed reported they would marry an AI (2).
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But Larry Fink, billionaire CEO of BlackRock (NYSE:BLK), argues that AI hasn’t gone far enough. He believes AI is the future and is putting his money where his mouth is.
“I don’t think we’re moving fast enough,” Fink said at the Milken Institute Global Conference on May 5, according to Business Insider (3). “There is no AI bubble. There is just the opposite.”
BlackRock bets on AI
At the Milken conference, Fink announced that BlackRock will partner with a hyperscaler to expand AI infrastructure, including building data centers and investing in energy. Fink has not yet revealed the name of the hyperscaler, and BlackRock has reportedly not responded to Business Insider’s request for comment.
Fink is a well-known AI advocate and BlackRock has a history of investing in AI infrastructure. In 2024, the asset management giant acquired private market asset manager Global Infrastructure Partners for $12.5 billion (4).
In March 2025, BlackRock and Global Infrastructure Partners joined forces with MGX, Microsoft (NASDAQ:MSFT), Nvidia and xAI to invest in data centers (5).
“AI infrastructure will play an increasingly critical role in driving economic growth across all industries and in all regions of the world,” said Satya Nadella, president and CEO of Microsoft, in the BlackRock press release (6). “We are delighted to welcome these startups to the AI Infrastructure Partnership as we invest together to build the infrastructure of the future (7).”
Are we experiencing an AI bubble?
Fink’s words (and actions) express that he does not believe in an AI bubble and that he is not worried about that bubble bursting. But many investors and industry experts disagree with his stance.
Four tech hyperscalers (Alphabet, Amazon, Meta, and Microsoft) plan to spend more than $650 billion on AI in 2026 (8). But OpenAI has reported $25 billion in annualized revenue (9), while Anthropic claims its annualized revenue rate is over $30 billion (10).
That’s a big gap between planned spending and income.
Ganesh Sitaraman, director of the Vanderbilt Policy Accelerator, and Asad Ramzanali, director of artificial intelligence and technology policy at the Accelerator, wrote an article for Time magazine about the inevitability of the AI bubble bursting (11).
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In the article, they explain that these big tech companies are not only putting their own cash into these investments, but they are also leveraging capital from equity investments, issuing corporate bonds, using asset-backed securities, and more.
What does this boil down to for ordinary Americans?
“If you use banks, have a retirement account, or rely on the financial system in any way, you are also assuming some of the risk,” Sitaraman and Ramzanali wrote. “Your 401(k) plan, your life insurance plan, your pension plan and your bank provide much of the money that is converted into loans or investments in each of those financial mechanisms.”
What happens to your wallet if Fink is wrong?
We’ve covered some of the ways AI may have taken things “too far.” But AI also contributes to overcoming important problems in the world.
For example, the US Food and Drug Administration approved the use of AI in ultrasounds to more accurately predict babies’ due dates, leading to safer deliveries (12). AI can also protect medical professionals from dangerous substances by using ultraviolet robots to clean and disinfect hospital rooms.
This means that investing in certain AI stocks could help boost this useful technology.
However, as with any sector, the trick is not to invest too much of your portfolio in AI. If you own some AI stocks, then you’re in a good position if Fink ends up being right that there is no AI bubble to burst. What if an AI bubble does Dad, you won’t lose your entire retirement fund.
It is crucial to diversify your portfolio by investing in multiple sectors. Buying technology and artificial intelligence stocks may be fine, but you should also consider finances, healthcare, communication services, and more.
Talking to a financial advisor will help you make sound investment decisions that won’t keep you up at night worrying about the AI bubble bursting.
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Article sources
We rely only on verified sources and credible third-party reports. For more details, see our ethics and guidelines.
Stanford Institute for Human-Centered Artificial Intelligence (1); Forbes (2); Business insider information (3); Reuters (4); BlackRock (5), (6), (7); Yahoo Finance (8); Information (9); Bloomberg (10); Time (11); Contemporary obstetrics and gynecology (12).
This article originally appeared on Moneywise.com with the title: Larry Fink says there is the “opposite” of an AI bubble and that the world is not “moving fast enough” on AI infrastructure.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
