Larry Fink believes that AI is absolutely not in a bubble. If anything, there is too much demand for the amount of supply that exists today
According to Fink, the four key constraints today are power, compute, chips, and memory.
Token usage has clearly gone vertical in the last few months alone, and this is just in America
As these technologies begin to diffuse through the broader global economy, the demand curve will continue to grow exponentially
He points out that there is simply not enough money or appetite from the governments to fund all of this spend. Private institutional capital must step in to fill in the gap, and that is where firms like BlackRock will have a massive opportunity
Video