AIDecryptabout 3 hours ago
BlackRock CEO Warns Data Center Halt Risks Recession
3 min read
BlackRock CEO Larry Fink warns a U.S. moratorium on data center construction would trigger a recession, calling it misinformation. Speaking to CNBC on Wednesday, he stated so much of the economy is based on this capex. Analysts estimate AI spending could top $1 trillion in 2027 and exceed $5 trillion cumulatively through 2030.
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