BlackRock’s Fink Warns AI Data Center Halt Could Trigger US Recession
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Larry Fink warned after BlackRock’s third-quarter earnings that stopping AI data center construction could put US economic growth at risk.
BlackRock CEO Larry Fink said a halt in AI data center construction could push the United States into recession, highlighting the economy’s reliance on spending tied to artificial intelligence.
Speaking after the firm’s third-quarter earnings, Fink argued that investment in AI infrastructure has become a major contributor to growth, making a construction stoppage a significant economic risk.
Fink characterized the backlash against data centers as misinformation. His comments come as the facilities emerge as a political flashpoint ahead of the midterm elections.
Source: Decrypt
