From CNBC · Paulina Likos · · 50s
Fink warns data center halt could trigger recession
BlackRock's CEO says a moratorium on data center construction would damage the economy, citing massive AI infrastructure investment.
In brief
BlackRock's CEO says a moratorium on data center construction would damage the economy, citing massive AI infrastructure investment. BlackRock CEO Larry Fink warned that halting data center construction could trigger a recession, as AI infrastructure investment drives economic growth. Originally reported by CNBC.
Fink's recession warning
BlackRock CEO Larry Fink told CNBC Wednesday that halting data center construction would trigger a recession, citing the economy's dependence on AI infrastructure investment.
“If we have a moratorium of some sort in this country, we will be in a recession.”
Election issue emerges
Strong local opposition to data center construction has become a key issue in the November third midterm elections, as communities worry about rising utility costs, water use and environmental damage.
Massive investment at stake
Wall Street analysts estimate total AI capital expenditures could exceed one trillion dollars in twenty twenty-seven and total more than five trillion dollars by twenty thirty, creating demand for construction workers and infrastructure.
The headline
BlackRock CEO Larry Fink warned that halting data center construction could trigger a recession, as AI infrastructure investment drives economic growth.
