BlackRock CEO Larry Fink warns data-center delays could fuel inflation

Delays could make computing more expensive and put economic growth at risk as demand for artificial intelligence rises, according to Bloomberg. Fink also said capital spending on technology such as cloud computing and AI accounts for about two-thirds of the U.S. economy, according to Quartz.

Covered by 2 publishers within 5 hours of the first report.

• Bloomberg: BlackRock’s Fink Sees Inflation Risk in Slow Data-Center Buildout
• Latest 7:30 AM ET Quartz: BlackRock's Larry Fink warned that not building data centers could be inflationary

Reporting2

BL Bloomberg BlackRock’s Fink Says Slow AI Buildout Would Spur Inflation · Leonard Kehnscherper, Nick Heubeck and Francine Lacqua 2:33 AM

QZ Quartz BlackRock's Larry Fink warned that not building data centers could be inflationary · Cris Tolomia 7:30 AM

Related

BL Nvidia CEO Says There’s No Need to Backstop Troubled CoreWeave October 15

BL Nscale IPO: Data Center Delays Show Risks for the Neoclouds October 15

QZ NextDC shares tumble as Melbourne power delays prompt earnings cut October 20

WSJ Microsoft drops Nscale's Essex data center deal after power delays October 18

Topics Data centers