BlackRock Manager Says AI Bust Won’t Derail Clean-Tech Bets (1)

Investors worried that artificial intelligence bets look too frothy shouldn’t assume the clean-tech companies powering AI would be trapped in the same bubble, according to a portfolio manager overseeing one of BlackRock Inc.’s flagship actively managed sustainability funds.

“We don’t correlate any potential ‘AI bust’ as an existential risk to sustainable energy equities,” BlackRock’s Charles Lilford told Bloomberg. “Sustainable energy equities could stand to even further benefit as US rates come down and we see a broadening out of the market.”

The comments come amid concerns that the vast amounts being spent on expanding AI may overstate its potential ...