Larry Fink, CEO of BlackRock, said on a recent earnings call that the company's investments in Al will drive up productivity and raise wages.

Fink said the firm had increased assets by $2.5 trillion over the last 18 months while keeping head count the same, which he credits to productivity gains from technology advances, including Al.

"We're going to bring down inflation in America. This is how it's going to have to be done, driven through technology, which will increase productivity," he said.

"What it also means is rising wages," he added. "The whole organization is doing more with less people as a percent of the overall organization. That is really our ambition."