BlackRock Identifies Potential New Asset Class in Computing Power
BlackRock CEO Larry Fink highlighted the growing demand for computing power, suggesting it could lead to a new financial market for futures tied to computing capacity. He noted supply shortages in chips, memory, and power are hindering AI infrastructure growth. BlackRock is investing tens of billions in data centers and energy companies through partnerships with Microsoft, Nvidia, and MGX.
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Topics: AI BlackRock computing power data centers energy market innovation