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BlackRock is investing $100 million in workforce training programs to address the looming electrician shortage affecting U.S. AI infrastructure. The initiative targets 50,000 workers over five years through partnerships with non-profits and labor organizations.

CEO Larry Fink highlighted the necessity of skilled labor for the estimated $10 trillion infrastructure investments required by 2033, noting that the electrician shortage poses a significant risk to the AI sector's growth. Electrical installations account for 45 to 70 percent of data center construction costs, stressing the urgency of the investment.