BlackRock's Rob Goldstein on the Next Megatrends in Finance | Odd Lots

The last few decades have been marked by a number of megatrends in finance including the extraordinary growth of asset managers, the rising importance of technology, and the ascent of private markets. BlackRock, the world's biggest asset manager, is emblematic of all these developments. On this episode, we talk to BlackRock COO Rob Goldstein about the company's early technological history, the development of its famous risk management technology Aladdin, and how BlackRock is navigating being both a user and major provider of AI. We discuss his view of the “SaaSpocalypse,” how BlackRock is thinking about token consumption and compute constraints, as well as the future of private markets. Chapters: 00:00:00 - Cold Open 00:02:22 - Guest Introduction 00:08:08 - AI’s Characteristics and Challenges 00:12:09 - Enterprise AI Implementation 00:14:42 - BlackRock’s Aladdin Platform 00:21:05 - Technology Moats and SaaS Disruption 00:28:20 - Example of BlackRock’s Internal AI Use 00:33:19 - Token Consumption and Compute Constraints 00:37:27 - Transparency of Private Markets 00:39:52 - How to Get an Edge in the Future 00:45:08 - Public vs Private Market Evolution 00:50:03 - Conclusion and Takeaways Watch Bloomberg Vodcasts:    • Bloomberg Video Podcasts | Interviews & More   Watch more Odd Lots episodes:    • Odd Lots   Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets. Join the conversation: discord.gg/oddlots Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Check out more Odd Lots:    • Odd Lots (Audio)   Get the Odd Lots newsletter: https://www.bloomberg.com/account/new... And for all things Odd Lots, visit https://www.bloomberg.com/oddlots #Investing #Markets #Finance #Bloomberg #Podcast #OddLots Visit us: https://www.bloomberg.com/podcasts For coverage on news, markets and more: http://www.bloomberg.com/video Visit our other YouTube channels: Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg