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BlackRock positions AI as both a core investment theme and a critical internal capability. On the investment side, in September 2024, BlackRock partnered with Microsoft and others to launch a multibillion-dollar AI infrastructure fund for data centers and power projects. The firm also launched client products such as AI-focused ETFs and rolled out BlackRock Aladdin® Copilot, an AI assistant integrated into its flagship investment platform.
Internally, BlackRock uses AI to strengthen its operations. BlackRock reports using AI/ML models extensively in investing across vast data sets. In June 2025 COO Rob Goldstein announced a new AI research platform, Asimov, which scans research notes, filings, and emails around the clock to generate portfolio insights. CEO Larry Fink noted that these tools helped grow assets under management by $2tn with minimal additional staff.
To support this shift, BlackRock is investing in talent and governance. The firm has mandated company-wide AI training (including prompt engineering), created an internal AI learning hub, and established both an AI Risk Oversight Committee and a formal risk policy to ensure responsible use.