BlackRock CEO Larry Fink Discusses a New Asset Class

BlackRock CEO Larry Fink proposes that the surging demand for AI infrastructure, including processing power and electricity, could create a new financial asset class. At the Milken Institute, Fink argued that since compute resources are scarce and vital, they should be treated similarly to commodities like oil or grain. He envisions a derivatives market where institutional investors can hedge capacity costs through futures contracts on computing power.

Fink dismissed concerns about an AI investment bubble, asserting that demand for power, chips, and capital currently outstrips supply. As BlackRock prepares to deepen its involvement in physical AI infrastructure, the firm is positioning itself to lead the development of standards that would allow compute to be traded as a benchmarked asset.

(Source：BeInCrypto)