We're talking about every country in the world who's going to be needing it, and this is going to play into a very large geopolitical issue.

And it is my opinion, the country that we deny or advance technology is the next phone call is to China.

Black Rock CEO Larry Fink at the World Economic Forum in Davos, Switzerland, on where artificial

intelligence is headed.

Right now, data centers represent about 50 gigawatts of power.

And if you use the U.S. estimates of how much power we're going to need for data centers,

it's estimated to go up five times about 300 gigawatts.

The CEO of the world's largest asset manager warns the AI boom could come at a cost, potentially

fueling inflation.

I believe it'll unlock all this private capital.

We're going to have enormous growth.

At the same time, some of this is going to create new inflationary pressures.

And I do believe that's probably the risk that is not factored into the markets.

Plus a revolutionary idea for the blockchain from a man who once had little financial

interest in the asset.

As a huge believer of crypto and blockchain and tokenization, I mean, I want the SEC to rapidly approve the tokenization

of bonds and stocks. That will simplify things, make things easier. And speaking of the future of

finance, I think the sorkin coin should... Sorkin coin. We've got to do a squawk coin. We've talked about

a squawk coin. Yeah. I don't know. I'm CNBC producer Cameron Costa.

Squawk pod reports from Davos, BlackRock chairman and CEO Larry Fink begins right now.

We are bringing you CNBC's biggest interviews from the World Economic Forum tucked away in the Swiss Alps.

And today, we're diving headfirst into finance and technology with Larry Fink, CEO of the world's largest asset manager, BlackRock.

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