BlackRock's CEO says "a moratorium of some sort" on data center buildouts would put the U.S. in a recession. BlackRock CEO Larry Fink warned that halting U.S. data center construction could trigger a recession. Moody’s estimates U.S. data center capital spending will reach $700 billion this year and as much as $2.48 trillion through 2030, despite growing public concern about environmental and community effects. Companies are pouring so much money into data centers that power artificial int…
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