Tony Kim: AI compute requires $10 trillion in CapEx over five years
Tony Kim · BlackRock's Tony Kim on AI's Next Winners? Chips, Memory, Robotics & Quantum · Sourcery with Molly O'Shea · Jul 24, 2026 · at 7:08
Tony Kim, Head of Global Technology at BlackRock, discusses data center physical scaling bottlenecks and global AI infrastructure spend at the RAISE Summit.
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“So this is the irony of it all, that we're, the trillion dollars of CapEx this year, and the 10 trillion over the next five years that are coming, Is to move data centimeters and millimeters. That's AI.”
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