BlackRock CEO Larry Fink Says AI Infrastructure Will Tap Pensions And Savings
#153Gary Marcus@GARYMARCUSit’s great! you can pay for the infrastructure that will eventually take your jobs!
and if it fails and the bubble bursts? you can bail the hyperscalers out, and watch your pension fund die.
Shadow of Ezra@ShadowofEzraThe CEO of BlackRock, Larry Fink, admits that the trillions of dollars being used to build data centers and power grids will come from ordinary people’s savings accounts and pension funds, and says it is mandatory. He says America needs trillions in AI infrastructure spending, and that people will be forced to “invest” in it. “Much of this will come from savings accounts and pension accounts.”
#153Gary Marcus@GARYMARCUSAs one of the first people to warn about a possible AI backlash—years ago—let me tell you this: it’s going to get much, much worse.
It breaks my heart that AI—something I spent my whole life thinking about—is likely to become a dirty word, and that it has been subverted so deeply by arrogance and greed.
Gary Marcus@GaryMarcusit’s great! you can pay for the infrastructure that will eventually take your jobs! and if it fails and the bubble bursts? you can bail the hyperscalers out, and watch your pension fund die.