LARRY FINK JUST PREDICTED A NEW ASSET CLASS
The BlackRock $BLK CEO laid out where he sees the bottleneck of the AI buildout at the Milken Institute.
His framing of the problem:
"The United States is short power, short compute, short chips. There are going to be shortages in all three. We just don't have enough compute power right now."
His prediction for what comes next:
"I actually believe a new asset class will be buying futures of compute."
Compute futures do not exist as a standardized tradable contract today. Fink is calling out the emergence of one.
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