(Bloomberg) -- The Oklahoma Public Employees Retirement System approved the extension of investment contracts with BlackRock Inc., a decision that comes after a judge paused the state’s anti-ESG law targeting the company.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’China S
BlackRock is in talks with various governments over ways to fund critical investments to support artificial intelligence (AI), including increasing the power supply, the CEO of the world's largest asset manager said on Friday. AI is seen as a major boost to global productivity, but it requires data centres and semiconductor plants that require huge amounts of electricity. BlackRock CEO Larry Fink spoke remotely at a meeting in Rome of the B7 business groups of the Group of Seven (G7) states.
One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.