r/technology • u/joe4942 • 17h ago

Artificial Intelligence BlackRock's Larry Fink warns a data center moratorium could trigger a recession

https://www.cnbc.com/2026/10/14/blackrocks-fink-warns-data-center-moratorium-could-spark-a-recession.html
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u/copperblood 17h ago

No Larry, what's going to trigger a recession is when everyone finds out that A LOT of the AI buildout is being financed with people's pensions. And when that AI bubble pops, so too do people's pensions.

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u/AliveJohnnyFive 17h ago

Who has a pension?

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u/RangerSandi 17h ago

401K account investments, etc.

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u/the_ballmer_peak 9h ago

That's not the same thing as a pension. A pension is a defined benefit plan, a 401k is a defined contribution plan.

But don't worry. nVidia is 6.5% of the S&P 500. Your 401k is fucked, too.

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u/RangerSandi 7h ago

My point was abbreviated. Yes, most don’t have defined pensions, but rather the 401k offered in its place. Those will tank as well as anyone buying the AI hype in their personal stock investments. Everyone is fucked to some extent if the market tanks because the economy will plunge.

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u/the_ballmer_peak 4h ago

Yes, that was my point about nVidia