
1656: Johnson Pivot
Larry Fink, World Economic Forum Saudi Meeting, AI Energy Demands
BlackRock CEO Larry Fink spoke at a World Economic Forum interim meeting in Saudi Arabia regarding the massive capital requirements for artificial intelligence. Fink estimated that trillions of dollars in investment are needed for data centers, which could require up to 30 gigawatts of power by 2030. This shift suggests a move toward nuclear power and "dispatchable" energy sources to maintain constant data center operations.




