“The capital expenditures for this [the AI infrastructure buildout] — $10 trillion. That's just for the US. Over the next 10 years we will be rewiring the global economy... laying cloud AI factories and data centers. Governments' deficits mean much of this money is going to come from the private sector — pension funds, 401(k)s, insurance companies and private credit.”
Chairman and CEO, BlackRock
Said May 5, 2026Deadline Dec 31, 2036Milken Institute Global Conference 2026, "A Conversation with BlackRock CEO Larry Fink and Brookfield Corporation CEO Bruce Flatt," May 5, 2026
Ten-year horizon running to 2036; Fink made the same $10 trillion / private-savings-financing argument the following day (May 6, 2026) at Texas State Technical College in Waco, a clip of which Snopes fact-checked as genuine.