BlackRock Sees AI Driving a 50% Jump in Asian Energy Demand ...Middle East

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BlackRock Sees AI Driving a 50% Jump in Asian Energy Demand
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BlackRock expects the AI boom and data centers to drive a 50% jump in energy consumption in the Asia Pacific region over the next decade, a senior executive at the world’s largest asset manager said on Wednesday. “The need for data centers over the next five years is going to be double what is currently in the markets,” Brad Kim, BlackRock’s Asia Pacific managing director for global infrastructure funds, told a media briefing, as carried by Bloomberg. “[O]verall energy consumption will increase by about 50% in the…

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