Larry Fink tells a WEF forum in 2024 that Data Centers powering AI need "dispatchable power": "you cannot have just this intermittent power like wind and solar".
by Peter Gerard Myers
Date: January24, 2026
My comments are shown {thus}; write to me at contact.html.
You are at http://mailstar.net/Fink-AI-data-centers.html
Copyright: Peter Myers asserts the right to be identified as the author of the material written by him on this website, being material that is not otherwise attributed to another author.
Larry Fink told a WEF forum in 2024 that Data Centers powering AI need "dispatchable power":
"you cannot have just this intermittent power like wind and solar".
This does not show up in Google searches. Yet you can see Fink saying it. This is the man who got the rest of the world to go renewable - solar and wind.
He's promoting nuclear power.
If the WEF were genuine about Global Warming, they would cancel AI, and not build these Data Centers.
He says it at 47:45; begin watching at 46:00
https://www.youtube.com/watch?v=PoRVYFHNc6k&t=5s
Investing amid Global Fracture World Economic Forum
1.03m subscribers 40,209 views
Streamed live on 29 Apr 2024
In a shifting geopolitical landscape, new global players and security concerns are reshaping foreign investment strategies. With emerging markets experiencing a 9% decrease in FDI in 2023, how can policy-makers and investors mould the investment environment to foster global economic stability and equitable growth?
Transcript
1:57 uh my name is Sadia Zahidi I'm a managing director at the World Economic Forum and welcome to this session on
2:03 investing amid Global fracture
and we're actually going to question the premise of the title of this session are things really that different um or are we in a new era um so little bit of data points to get us started um we obviously all see the growing complexity of the last few years um whether that is a Slowdown in growth rates higher interest rates growing geopolitical shifts rapid technological transformation and many Global challenges that show no signs of um abating
2:47 however things are very different today than they were maybe a year ago in terms of how markets are doing um a year ago we were talking about a potential banking crisis in the United States things look very different at the moment um so there is some level of cautious optimism but there also some potentially contradictory Trends so FDI is going down according to anad and at the same time according to the FDI confidence index um there's a lot of positive sentiment in the private sector for many different parts of the world Advanced and emerging economies alike
3:21 we have an All-Star panel to get us into some of these issues to potentially challenge some of these Trends um and to tell us what is happening in terms of the the global trends that they're seeing as well as what that means later on in the session for specific development needs in different parts of the world
3:41 so immediately to my left is Larry Fink chairman and chief executive officer of Black Rock
3:46 Welcome Larry
thank you
next to him Salon Rahman Private Industry and investment adviser to the prime minister of Bangladesh welcome Salman lbna oan um who needs no introduction in in this particular part of the world and elsewhere um chair of the executive committee of the Olan financing company and finally to my right um William Ford chairman and chief executive officer of General Atlantic welcome Bill thank you thank you so much for joining us um
4:16 Larry let me turn to you first help us make sense of some of those potentially contradictory Trends
4:23 it's great to be here it's great to be back in Riyadh great to be part of the world economic Forum great to be with
4:28 friends um I don't I don't see any contradictory Trends I mean we live in a era right now of gross transparency and so we are seeing uh obviously Rising geopolitical issues we're seeing a rebalancing of trade we're seeing elevated inflation that's going to persist longer um than the period of the first 20 years of this period of time um and yet we're at a period of time just incredible Innovation and creativity and and so we
5:13 we see areas things in the world that are creating more fear as you were talking about that but there's a great am time to have a great deal of optimism I mean at the same time the papers are riddled with negativity and yet we're close to record highs and we are in record highs in the marketplace because a there's a lot of financial Capital there still is a great deal of fiscal stimulus going on especially in the United States um and uh the amount of innovation that we are witnessing right now is going to create an incredibly large very large um investment cycle and we're just at the beginning of that investment cycle of rebuilding infrastructure around the world
[...]
46:16 but but um but that is just an example of the power of this is going to that this is going to be
46:27 and I do believe to properly um build out AI we're talking about trillions of dollars of investing so data centers today could be as much as 200 megaherz and they're now
46:41 talking about data centers are going to be one gwatt that's a that's Powers a city there there was one tech company that I spoke to the co last week who said right now with all their data
46:53 centers is about 5 GW by 2030 they need 30 GW
47:00 30 um the amount of power that's needed to do use AI is has huge impact in
47:08 society where's that power going to come from are we going to take it off the grid What does it mean for elevated
47:14 Energy prices for everybody else if it's that I think it's going to represent some huge societal questions that we
4 7:20 have not address the negative side forget about the use of it but just the generation of it is massive
47:27 power okay but that that is a huge investment opportunity so that we we you
47:34 know the world is going to be short power short
47:39 power and to power these these data companies you cannot have just this
47:45 intermittent power like wind and solar you need dispatchable power because they
47:50 can't turn off and on these data centers and so it's to how many there so interesting think about what we we heard
47:55 earlier you know you know half of the world half of Africa doesn't have electricity think of the equity here
48:01 they don't have basic electricity yeah at the same time the demand for power as you're pointing out from Ai and data centers is going to be massive you know how how do you sort that out bringing power to everybody but at the same time
48:13 the b a country like Bangladesh wants to advance they're going to have to invest in data centers and AI at the same time
48:19 and how do you get the power to but the I just want to end in a positive note all this presents massive Economic Opportunity so I mean we're talking about technology and all that stuff but think about if to build these things you're going to have to go long air conditioning companies I mean the basic stuff I mean the amount of Investments that are going to be needed to do all this alongside investing in the emerging world and health care and all the other issues this is why I'm bullish I see opportunity I don't I don't I don't see U problem as much as massive opportunity
END
Copyright: Peter Myers asserts the right to be identified as the author of the material written by him on this website, being material that is not otherwise attributed to another author.
END
Write to me at contact.html.