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BlackRock CEO Larry Fink Warns AI Data Center Halt Could Tip US Into Recession
BlackRock CEO Larry Fink stated on Wednesday, following the company's Q3 earnings, that AI infrastructure spending has become so crucial to economic growth that any halt in data center construction could plunge the U.S. into a recession. Fink dismissed local opposition to data centers as "misinformation," emphasizing their role in creating construction jobs and driving energy infrastructure demand. His comments come as data centers face increasing scrutiny over electricity and water consumption ahead of the November 3 midterm elections, with some localities already imposing moratoriums.
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