BlackRock CEO Expects Trillions to be Raised for AI Infrastructure in Coming Years

BlackRock CEO Larry Fink stated in an interview with CNBC that AI and data center construction have created unprecedented capital opportunities. He anticipates that the U.S. will need over 70 gigawatts of power to support AI infrastructure, with a 100-megawatt data center potentially generating up to 3 million job hours. Currently, the industry is raising $500 billion, but trillions more will be needed in the coming years. Fink believes that financing for computing power and data centers is gradually becoming a new asset class, and this investment wave is just beginning. He likened it to the birth of the mortgage-backed securities market in the 1970s, suggesting it could be the next frontier in financial engineering.

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