BlackRock CEO Larry Fink and G42 CEO Peng Xiao recently engaged in a discussion at Bloomberg House in Davos, focusing on the future of artificial intelligence infrastructure and its energy requirements.

According to Bloomberg, Peng Xiao emphasized that AI infrastructure could require a minimum of 200 to 300 gigawatts of power to meet global demand.

During the discussion with Bloomberg’s Francine Lacqua, Fink and Xiao explored various critical factors influencing AI expansion.

The conversation touched on US restrictions on semiconductor technology, the feasibility of addressing energy needs through natural gas, and the evolving role of cryptocurrencies in the broader economic landscape.

Peng Xiao stressed the importance of energy security, citing natural gas as a potential solution to AI’s escalating power consumption.

He noted that AI advancements will significantly impact infrastructure planning, urging policymakers and industry leaders to strategize accordingly.

Fink shared insights on macroeconomic concerns, warning that sustained investment in AI could contribute to elevated inflation levels.

He also highlighted the potential of crypto assets in diversifying investment portfolios amid rapid technological advancements.

The session in Davos underscored the growing attention AI infrastructure demands are receiving from global financial and technology leaders.

As AI continues to evolve, balancing energy needs with sustainable development remains a top priority for industry stakeholders.

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