# BlackRock Taps Unions for AI Infrastructure Build-Out _BlackRock partners with unions for AI infrastructure, oil prices climb amid Strait of Hormuz concerns, and Frank McCourt launches a $300M showjumping league._ **Updated:** 2026-08-22 **Published:** 2026-08-10 **Source:** https://www.startuphub.ai/ai-news/artificial-intelligence/2026/blackrock-taps-unions-for-ai-infrastructure-build-out --- In a move that bridges the burgeoning artificial intelligence sector with traditional labor, money manager BlackRock has inked an agreement with North America's building trades unions. This strategic partnership aims to secure a skilled workforce for the construction of essential AI infrastructure, including new data centers and energy projects. The announcement arrives at a critical juncture, as data center development faces increasing scrutiny and opposition from communities, while broader anxieties persist about the employment implications of advanced AI. AI Infrastructure DemandDriverFrom the article 3 mentionsThe insatiable demand for artificial intelligence capabilities is driving a massive build-out of the underlying infrastructure.Community OppositionDriverFrom the article 2 mentionsThe announcement arrives at a critical juncture, as data center development faces increasing scrutiny and opposition from communities, while broader anxieties persist about the employment implications of advanced AI.Job ConcernsDriverbroader anxieties persist about employment implications of advanced artificial intelligenceFrom the article 2 mentionsMany communities have raised concerns about the environmental impact, energy consumption, and aesthetic intrusion of these facilities.BlackRock PartnershipCoremoney manager BlackRock inks agreement with North America's building trades unionsFrom the article 5 mentionsThis strategic partnership aims to secure a skilled workforce for the construction of essential AI infrastructure, including new data centers and energy projects.Data CentersContextFrom the article 4 mentionsThis includes the construction of vast data centers to power AI models and the expansion of energy projects to meet their significant power requirements.Skilled WorkforceEffectFrom the article 2 mentionsThis strategic partnership aims to secure a skilled workforce for the construction of essential AI infrastructure, including new data centers and energy projects.enablesStrategic SolutionOutcomeproactive approach to addressing labor needs for the burgeoning artificial intelligence sectorFrom the articleThis strategic partnership aims to secure a skilled workforce for the construction of essential AI infrastructure, including new data centers and energy projects. ## Addressing AI Infrastructure Needs The insatiable demand for artificial intelligence capabilities is driving a massive build-out of the underlying infrastructure. This includes the construction of vast data centers to power AI models and the expansion of energy projects to meet their significant power requirements. BlackRock's initiative with building trades unions signifies a proactive approach to addressing the labor needs for these complex and large-scale construction endeavors. By aligning with unions, the company seeks to ensure a steady supply of qualified workers, potentially streamlining project timelines and mitigating labor-related delays. ## Navigating Community and Job Concerns The rapid expansion of data centers has not been without friction. Many communities have raised concerns about the environmental impact, energy consumption, and aesthetic intrusion of these facilities. BlackRock's agreement with unions could be seen as an effort to foster better community relations by emphasizing job creation and workforce development. Furthermore, as AI technologies advance, there are ongoing discussions and worries about their potential to displace human workers across various industries. This partnership, by focusing on the construction jobs created by AI infrastructure, offers a counterpoint to some of these anxieties. The full discussion can be found on **Bloomberg Podcast**'s YouTube channel. ![Bloomberg Money Minute | AI Infrastructure & Showjumping League - Bloomberg Podcast](https://img.youtube.com/vi/yqEUY07b1OE/maxresdefault.jpg) Bloomberg Money Minute | AI Infrastructure & Showjumping League, from Bloomberg Podcast ## Market Dynamics: Oil Prices and Stock Futures Shifting to broader market trends, the global oil market is experiencing upward pressure. The absence of a deal to reopen the Strait of Hormuz, a vital chokepoint for oil shipments, is keeping crude oil prices elevated. This sustained high cost of oil is, in turn, casting a shadow over stock futures, which are showing modest losses as the week begins. Investors are closely monitoring geopolitical developments that could impact energy supply and, consequently, broader market sentiment. ## Frank McCourt Bets Big on Showjumping In a surprising investment move, billionaire Frank McCourt, formerly of the [Los Angeles Dodgers](https://www.google.com/finance/quote/LAD:NYSE) ownership, is backing a new professional showjumping league with a substantial $300 million commitment. The Premier Jumping League is slated to launch next year with 16 teams. McCourt's personal guarantee of $300 million in prize money over the first three seasons underscores his ambition to elevate showjumping to the status of a major global sport. This venture represents a significant financial bet on the potential for equestrian sports to capture a wider audience and commercial appeal. Courtney Donohoe, Bloomberg. --- Original analysis from [startuphub.ai](https://www.startuphub.ai), the #1 AI startup directory. © StartupHub.ai. All rights reserved. You may not republish this article in full without a license. Search engines and AI research tools may crawl and summarize for reference. Bulk reproduction or model training on this content requires a license. See https://www.startuphub.ai/terms.