BlackRock CEO Says Trillions for Data Centers Must Come From Pension Accounts

What was said

"So much of this money, not just the project, is going to be coming from the private sector, from savings. Savings accounts, from pension accounts, from insurance companies, on and on and on."

BlackRock CEO Larry Fink stated that trillions of dollars needed for AI data center and power grid infrastructure will be extracted from ordinary people's savings and pension accounts, calling such investment mandatory to compete with China. This admission comes as data centers face growing opposition for consuming massive electricity and water resources while creating few jobs and requiring extensive tax breaks from local governments.