BlackRock CEO Larry Fink has proposed using Americans’ retirement savings to help finance the construction of data centers and the expansion of artificial intelligence infrastructure.
In his annual letter to shareholders, Fink said the United States views leadership in AI as a strategic priority requiring long-term investment in technology, infrastructure, and workforce development.
“The United States clearly understands that leadership in AI is not optional and will require sustained investment—in research, infrastructure, and talent. Capital markets capable of financing innovation at this scale are essential,” he wrote.
According to Fink, attracting private capital—including pension fund assets—could channel trillions of dollars into the sector while also allowing more Americans to benefit from the economic growth tied to the expansion of AI.
BlackRock is the world’s largest investment company and holds major stakes in leading technology corporations, including Apple, Microsoft, NVIDIA, and other firms connected to artificial intelligence and digital infrastructure.