BlackRock CEO Calls for Accelerated AI Infrastructure Spending
BLK•BlackRock CEO Larry Fink warned global AI infrastructure investment is lagging, calling it the ‘opposite’ of a bubble and urging accelerated data centre and semiconductor spending. BNY Mellon introduced Bitcoin and Ethereum custody services in Abu Dhabi, intensifying institutional digital asset competition for asset managers.
1. AI Infrastructure Warning
Larry Fink emphasized that global investment in AI infrastructure is far behind technology demand, labeling the situation the ‘opposite’ of an AI bubble and urging rapid deployment of capital into data centres and advanced semiconductors to sustain AI growth.
2. Crypto Custody Competition
BNY Mellon launched institutional-grade Bitcoin and Ethereum custody services in Abu Dhabi, marking a strategic push into digital assets and signaling heightened competition as asset managers like BlackRock weigh their own crypto custody offerings.
