BlackRock CEO warns infrastructure delays could restrict AI to big companies

  • Larry Fink warned infrastructure delays could concentrate AI access among large corporations.
  • Fink said computing shortages could raise resource prices and limit smaller users.
  • Local opposition has complicated data-center and power-infrastructure expansion.

BlackRock CEO Larry Fink warned that opposition to data-center construction and delays in expanding power and computing infrastructure could leave artificial intelligence concentrated among large corporations. Speaking at the Canadian Investment Summit in Toronto on September 15, Fink said rapidly increasing computing capacity is necessary to prevent shortages and spikes in computing-resource prices, which would make AI less accessible to small and medium-size businesses and individuals. He said local resistance over electricity costs, water use and noise is adding to the difficulty of building new data centers. The remarks come as some AI leaders, including Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, xAI CEO Elon Musk and Google DeepMind CEO Demis Hassabis, have supported slowing development to improve safety and reduce catastrophic risks. Blackstone President Jon Gray said Canada’s potential economic growth rate could rise significantly with tax and regulatory reforms, while Temasek CEO Dilhan Pillay said insufficient capital could push Canadian AI companies to relocate to the United States.

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