BlackRock CEO Larry Fink warned that as demand for AI rises rapidly, delays in data center construction will drive up computing power costs and threaten economic growth. In an interview on Wednesday on the sidelines of a global dialogue event in Berlin, Fink said, “If we don't speed up the construction of data centers, it will actually increase inflation, because the cost of computing power is still high. The faster the data center is built, the more computing power can be used, and the faster the cost of computing power can be reduced.” According to 73-year-old Fink, slowing the expansion of this technology will also have a wider range of negative effects. “If we slow down the pace of AI infrastructure construction, I think it will really hurt the economy.”

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