BlackRock CEO warns AI slowdown could trigger recession

BlackRock CEO Larry Fink has warned that restrictions on artificial intelligence data center construction could push the U.S. into a recession, while raising concerns about the country's $40 trillion national debt during an October 14 interview. BlackRock CEO Larry Fink warned that stopping U.S. data center construction could trigger economic recession. Fink raised concerns about America's $40 trillion national debt and increasing government demand for credit. BlackRock reported $205 billion in quarterly net inflows, taking managed assets to $15.5 trillion worldwide. Pew Research found growing public opposition to data centers over environmental damage and electricity costs.

Source: crypto.news