Larry Fink says he doesn’t believe there’s an AI bubble

AI Opportunities - There is a strong need to rapidly expand AI opportunities, with a belief that there is no AI bubble, but rather a risk in not investing, particularly in the context of competition with China [1] - AI will present both threats and opportunities for businesses, as highlighted by the example of Anthropic's AI tool 'Claude' [1] - The success of AI in society hinges on its ability to broaden economic success rather than narrow it [1] India Growth Story - BlackRock emphasizes the importance of investing alongside India's growth, which is expected to be significant over the next 20-25 years [2][3] - The company has a long-term commitment to India, having re-entered the mutual fund sector in 2023 through a partnership with Jio Financial Services [3] - India is projected to grow at a rate of 8-12% over the next decade, making it an attractive investment destination [3] Market Dynamics - Sustained double-digit growth for India is considered possible due to stable leadership and infrastructure investments [4] - Reliance Industries is actively engaging with start-ups, indicating a vibrant entrepreneurial ecosystem with numerous new ventures emerging [4] - Global interest in India is increasing, with Reliance receiving multiple partnership opportunities from international companies each month [4]