AI & Enterprise
BlackRock CEO says U.S. needs trillions to maintain AI leadership; deposits, pensions may be tapped
The expansion of U.S. artificial intelligence infrastructure will require trillions of dollars in funding, and the pool of money could extend to ordinary Americans’ bank deposits and pension assets, a report said. BlackRock CEO Larry Fink said maintaining U.S. AI leadership requires sustained investment in R&D, data centres, power grids, semiconductors, telecoms cables and talent. Wall Street firms are also backing larger AI infrastructure spending.
