Times of India | BlackRock CEO Larry Fink disagrees with everyone who says there is AI bubble; says: It's actually the opposite, as we have severe shortage of … AI generated summary, Read the full article for complete information. BlackRock CEO Larry Fink told the Milken Institute Global Conference that there is no AI bubble – the opposite problem is a severe shortage of computing capacity, chips and memory, as demand for AI infrastructure is outpacing supply. He warned that this scarcity could create a new tradable asset class, with futures tied to compute power. BlackRock is expanding its AI exposure, planning to partner with an undisclosed hyperscaler and working alongside Microsoft, Nvidia and the UAE‑based MGX to fund data‑centre and energy projects, including a $40 billion deal to acquire Aligned Data Centers and a $10.7 billion purchase of power producer AES Corp with EQT. Fink’s view echoes Brookfield’s Bruce Flatt, who said AI and cloud will rewire the global economy over the next decade, while the four major hyperscalers (Alphabet, Amazon, Meta and Microsoft) are slated to spend more than $650 billion on AI in 2026, dwarfing the $25‑$30 billion annual revenues reported by OpenAI and Anthropic. Read more: https://timesofindia.indiatimes.com/technology/tech-news/blackrock-ceo-larry-fink-disagrees-with-everyone-who-says-there-is-ai-bubble-says-its-actually-the-opposite-as-we-have-severe-shortage-of-/articleshow/130998956.cms #LarryFink #BlackRock #BruceFlatt