What BlackRock is up to now

New 08-16: no further movement — no BlackRock-specific coverage today; the standing infrastructure/MOU picture below holds unchanged into the week's close. week 2026-08-10 (/week): The week opened with BlackRock joining five other managers (Apollo, Blackstone, Brookfield, Goldman Sachs, KKR) on Nvidia's $500B+ MOU cohort to mobilize third-party AI-compute capital (08-10), and closed with the first named, specific external pushback on that exact platform — Michael Burry calling it a source of "abnormal," circularly-financed credit structures (08-13). Bloomberg's 08-15 quantification of ~$70B in off-balance-sheet AI-buildout guarantees (Nvidia, Broadcom, Meta) is the same concern generalized by named credit-desk voices (Moody's, DoubleLine, CreditSights), but doesn't itself name BlackRock as a guarantor — it's the environment the MOU exposes it to, not a new BlackRock-specific liability. No further BlackRock-specific move after 08-13; standing infrastructure picture (GIP/Aligned, El Paso bond, Barcelona terminal withdrawal) unchanged. New 08-13: Michael Burry escalated from general AI-boom skepticism to a named critique of the specific platform BlackRock joined — calling Nvidia's $500B+ Wall Street financing platform (with Apollo, Blackstone, Brookfield, Goldman Sachs and KKR, announced 08-10) a source of "abnormal" credit structures, and saying Nvidia's revenue is "largely financed through circular arrangements" that are "off-balance-sheet and undisclosed." He separately flagged private-equity-owned insurers filling balance sheets with illiquid, AI-tied asset-backed paper — the same structural shape as the Jane Street bond story this thread already tracks. First direct, specific external pushback on the MOU cohort BlackRock signed onto four days earlier. Standing picture, unchanged since 08-10: one of six managers signing MOUs with Nvidia to mobilize $500B+ of third-party capital for AI compute; its TiL/MSC joint venture formally withdrew the EU merger request for Barcelona's Tercat/BEST terminal (withdrawal dated on or before 08-03, surfacing publicly 08-10) — a rare retreat against otherwise one-directional infrastructure accumulation. GIP closed the $40B Aligned acquisition (with MGX/AIP), ran the $12.5B El Paso bond for Meta, and sits adjacent to Blue Owl's 80% of Hyperion — the alternatives arm converting fiduciary scale into physical-infrastructure ownership, with Aladdin's systemic footprint still unpriced.

as of 2026-08-16