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BlackRock CEO Fink Warns: Pause in Data Center Construction Could Trigger Recession
BlackRock CEO Larry Fink stated in a CNBC interview on Wednesday that a halt in data center construction in the U.S. could lead to a recession. He noted that a significant portion of the U.S. economy relies on capital expenditures for artificial intelligence infrastructure. Fink's warning comes amid strong local opposition to data center construction, which has become a key issue in the November 3 midterm elections. Wall Street analysts anticipate that total AI capital expenditures could exceed $1 trillion by 2027 and surpass $5 trillion by 2030.
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