BLK · News · 20261016N

AI Infrastructure Investment Outlook

BlackRock, Inc. · 2026-10-16 · Importance 18 · Surprise 24

BlackRock CEO Larry Fink said on October 14, 2026, that a U.S. moratorium on data-center construction would trigger a recession. He described data centers as essential to the AI buildout and argued that they are creating more jobs than ever. The comments indicate that BlackRock views continued U.S. data-center investment as an important driver of economic growth and labor-market expansion.

Key facts

• On Oct. 14, in an interview Larry Fink said: "If we have a moratorium of some sort in this country, we will be in a recession." source
• Larry Fink said data centers "are creating more new jobs than ever before." source