From TokenPost · · 40s
BlackRock CEO Warns U.S. Data Center Ban Could Trigger Recession
BlackRock CEO Larry Fink says U.S. data center moratorium risks recession, linking it to AI infrastructure investment.
In brief
BlackRock CEO Larry Fink says U.S. data center moratorium risks recession, linking it to AI infrastructure investment. BlackRock CEO Larry Fink warns a U.S. data-center construction pause would cause recession by reducing AI infrastructure investment. Originally reported by TokenPost.
Larry Fink's Recession Warning
BlackRock CEO Larry Fink warned a U.S. data-center construction moratorium would cause recession.
“if we have a moratorium of some sort in this country, we will be in a recession”
Data Center Permit Pause Details
New York's July 14 permit pause requires environmental reviews for data centers using 50 megawatts or more.
National Economic Impact
BlackRock's $15.5 trillion assets under management and $205 billion net inflows during the quarter highlight economic exposure.
The bottom line
BlackRock CEO Larry Fink warns a U.S. data-center construction pause would cause recession by reducing AI infrastructure investment.
