BlackRock's Fink Says US Needs 70 Gigawatts for AI

Industry
โดย Insider Monkey·US·Read original
Summary · why it matters

BlackRock CEO Larry Fink said the US alone will need over 70 gigawatts of power to support the AI boom. Speaking on CNBC, Fink compared the moment to the birth of the mortgage-backed securities market in the 1970s, calling it the next chapter in financial engineering. He said the AI buildout is a fantastic investment that could draw growing capital allocation over time, positioning Nvidia's hardware at the center of what he framed as a genuinely new asset class. Fink said BlackRock already has some capital ready to deploy but plans to raise quite a bit more, and noted that even 100 megawatts of data center construction requires roughly 3 million hours of labor. He argued the money has to flow through American capital markets, the largest pool of capital in the world, and framed US leadership in AI as a national priority worth funding quickly.

Impact on stocks 4

Artificial Intelligence▲ · 3 stocks
NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Fink highlights Nvidia's hardware as central to AI buildout, implying strong demand.

Digital Finance & Tokenization▲ · 1 stocks
BlackRock Inc
BLK
▲ PositiveCapitalrelevance

Fink announces plans to raise capital for AI infrastructure investments.

Theme Impact 5

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