BlackRock CEO Larry Fink warns that Europe faces a 'giant issue' in power demand for AI technology.

BlackRock CEO Larry Fink warns that Europe faces a 'giant issue' due to the massive power demand for AI technology. Data centers supporting AI will likely gravitate towards regions with cheaper power, and government subsidies may be needed in more expensive areas. With trillions of dollars required to build AI data centers, Fink is discussing capital needs with several governments for sourcing the necessary power supply.

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