Larry Fink Says Futures of Compute Will Be New Asset Class

Summary

Larry Fink discusses shortages in power, compute, chips, and memory, and predicts a new asset class will emerge for buying futures of compute. The talk took place at the Milken Institute Global Conference.

• Larry Fink highlights shortages in power, compute, chips, and memory.
• He believes a new asset class will emerge for trading compute futures.
• He notes the US lacks sufficient compute power.
• The discussion took place at the Milken Institute Global Conference in Beverly Hills.