BlackRock CEO warns US data center ban could trigger recession

BlackRock CEO Larry Fink has warned that a U.S. moratorium on data center construction could lead to a recession, highlighting the importance of AI infrastructure investments as critical drivers of capital spending and job creation. This statement emerges amid increasing local opposition to data centers due to concerns over their environmental impact and utility costs. Restrictions on data center construction have been considered or implemented in over 100 localities and 15 states. New York has already imposed a statewide pause on new hyperscale facilities.

Also reported by TheCoinrise.

Source: Crypto Briefing