Blackrock Boss Larry Fink Sounds Recession Alarm Over AI Data Center Shutdowns

Blackrock CEO Larry Fink is sounding the recession alarm over proposals to halt new data center construction, warning that America’s artificial intelligence (AI) investment boom has become too important to interrupt. His comments arrive as communities and lawmakers challenge the industry’s electricity consumption, water demands, and rising utility costs. Yet Blackrock is hardly a bystander, with an AI infrastructure partnership targeting as much as $100 billion in investment. America’s artificial intelligence (AI) boom has become so deeply woven into the economy that stopping new data center construction could help tip the country into recession, according to Blackrock CEO Larry Fink…

Source: Bitcoin.com News