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At Davos, Fink Admits Trust Gap and Warns AI Could Widen Inequality

He casts the forum as needing reform and proposes new WEF events in Detroit, Dublin, Jakarta and Buenos Aires.

Overview

  • The World Economic Forum opened with Larry Fink saying the meeting feels out of step for many and that the institution has lost trust.
  • Fink cautioned that early AI gains are accruing to owners of models, data and infrastructure, raising the risk of white‑collar job displacement.
  • This year’s gathering drew about 3,000 delegates from more than 130 countries, including roughly 850 CEOs and a reported record of around 65 heads of state.
  • Technology firms and investors dominate the scene, even as discussions focus on inequality and a K‑shaped economy that has split gains since the pandemic.
  • Geopolitics is reshaping the week, with President Trump’s expected arrival and European pushback to his threats tied to Greenland, including warnings against new tariffs.