“A new asset class will be buying futures of compute,” Fink said during a panel discussion Tuesday at the Milken Institute Global Conference in Beverly Hills, adding that the US lacks enough of that capacity, as well as chips and memory. “We just don’t have enough compute power right now.”
“There is not an AI bubble,” Fink said. “There is the opposite. We have supply shortages. Demand is growing much faster than anyone has ever anticipated.”
