Ruth Porat
👤 PersonAppearances Over Time
Podcast Appearances
And it really established, I think, a credibility because I was anchoring on things that I knew well. maybe even in a differentiated sense, as distinct from trying to pretend I knew everything about the business at one time. Another example is when I was asked to run the financial institutions group at Morgan Stanley. And this actually brings together your first question and this most recent one.
My initial reaction was there was no way I was going to do that. Really? It was too boring. Like I spent my entire career avoiding anything boring. I worked in technology, you know, kind of private equity. And somebody I respected greatly said, you got to trust me on this. Financial institutions is just like technology, ballpark 20-something percent of the global economy, multi-sector.
My initial reaction was there was no way I was going to do that. Really? It was too boring. Like I spent my entire career avoiding anything boring. I worked in technology, you know, kind of private equity. And somebody I respected greatly said, you got to trust me on this. Financial institutions is just like technology, ballpark 20-something percent of the global economy, multi-sector.
My initial reaction was there was no way I was going to do that. Really? It was too boring. Like I spent my entire career avoiding anything boring. I worked in technology, you know, kind of private equity. And somebody I respected greatly said, you got to trust me on this. Financial institutions is just like technology, ballpark 20-something percent of the global economy, multi-sector.
We have banks, insurance asset managers, and technology. When I was running it, we had hardware, software, semis, internet. And so I did. I said, I'll take it on. And he wanted to do something helpful to open doors for me in the first meeting. So we set up my first meeting covering this new industry with Larry Fink. I'm thinking, okay, this is not going to end well.
We have banks, insurance asset managers, and technology. When I was running it, we had hardware, software, semis, internet. And so I did. I said, I'll take it on. And he wanted to do something helpful to open doors for me in the first meeting. So we set up my first meeting covering this new industry with Larry Fink. I'm thinking, okay, this is not going to end well.
We have banks, insurance asset managers, and technology. When I was running it, we had hardware, software, semis, internet. And so I did. I said, I'll take it on. And he wanted to do something helpful to open doors for me in the first meeting. So we set up my first meeting covering this new industry with Larry Fink. I'm thinking, okay, this is not going to end well.
Extraordinary leader of an asset management firm. I know nothing about asset management. But what I did know was I knew about technology because I'd run the technology banking business at Morgan Stanley. And Larry has always been a leader in technology.
Extraordinary leader of an asset management firm. I know nothing about asset management. But what I did know was I knew about technology because I'd run the technology banking business at Morgan Stanley. And Larry has always been a leader in technology.
Extraordinary leader of an asset management firm. I know nothing about asset management. But what I did know was I knew about technology because I'd run the technology banking business at Morgan Stanley. And Larry has always been a leader in technology.
And so my view was if I spoke to him about BlackRock Solutions rather than other parts of the business, we would be able to go deeper than most of the bankers who covered financial institutions and it would establish a base upon which we could build over time. And so again, go to what you know idiosyncratically well. It has credibility and authenticity.
And so my view was if I spoke to him about BlackRock Solutions rather than other parts of the business, we would be able to go deeper than most of the bankers who covered financial institutions and it would establish a base upon which we could build over time. And so again, go to what you know idiosyncratically well. It has credibility and authenticity.
And so my view was if I spoke to him about BlackRock Solutions rather than other parts of the business, we would be able to go deeper than most of the bankers who covered financial institutions and it would establish a base upon which we could build over time. And so again, go to what you know idiosyncratically well. It has credibility and authenticity.
You can be differentiated and you will fill out the rest over time.
You can be differentiated and you will fill out the rest over time.
You can be differentiated and you will fill out the rest over time.
I think it's an exciting question at this moment in time, because I do believe that we are extraordinarily fortunate to be living in this time with AI and the implications for society. And the way we talk about it at Google, there are really four primary opportunities with AI. First, very exciting, is advancing the frontiers for science.
I think it's an exciting question at this moment in time, because I do believe that we are extraordinarily fortunate to be living in this time with AI and the implications for society. And the way we talk about it at Google, there are really four primary opportunities with AI. First, very exciting, is advancing the frontiers for science.
I think it's an exciting question at this moment in time, because I do believe that we are extraordinarily fortunate to be living in this time with AI and the implications for society. And the way we talk about it at Google, there are really four primary opportunities with AI. First, very exciting, is advancing the frontiers for science.
The second is just the economic uplift that's been estimated to be in the trillions globally. The third is really advancing solutions around some of the biggest social issues facing humanity around education, healthcare, climate. And the fourth is really enhancing cybersecurity. And two examples may best help get at your question.