March 25, 2026 – In a recent exclusive interview, Larry Fink, CEO of the U.S. financial powerhouse BlackRock, firmly rejected the notion that artificial intelligence (AI) is experiencing a bubble and dismissed claims that the surge in AI investments is overblown.
Fink emphasized that it’s acceptable for there to be one or two setbacks in the AI field. He described the current situation as a fierce race for technological supremacy, stating that if companies don’t increase their investments, their competitors will gain the upper hand.
He also pointed out that the most significant obstacle to the expansion of AI in the United States and Europe is the high cost of energy.
According to Fink, historical evidence shows that transformative technologies generate enormous value, and the lion’s share of this value typically goes to the companies that develop and deploy these technologies, as well as their investors.
In line with this view, BlackRock has already started forging partnerships with leading tech firms, making investments in AI, data centers, and the energy sources required to power them.
Last year, a group of investors led by Global Infrastructure Partners (GIP) agreed to acquire Aligned Data Centers for $40 billion. This deal marked one of the largest infrastructure investments in the company’s history and came at a time when Wall Street was rushing to invest in the AI craze.
