As investors prepare for Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) earnings, Wall Street is once again focused on AI spending, cloud growth and capital expenditures. But BlackRock Inc. (NYSE:BLK) CEO Larry Fink believes the industry’s biggest constraint isn’t chips or models anymore—it’s electricity.
Speaking this week, Fink argued that the global AI race will ultimately be decided by whoever can build enough power to support it. He pointed to China’s rapid expansion of nuclear and solar generation, saying the country is positioning itself to meet the enormous electricity demands of artificial intelligence while warning that the U.S. should focus on adding power capacity rather than imposing restrictions on data center development.
