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WSJ Tech News Briefing

TNB Tech Minute: Money Still Flows Into Artificial Intelligence

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 10 April 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, the AI boom is expected to fuel a surge in data-center energy needs. And fintech Block settles with the New York finance regulator. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

There's not many things as epic as jumping over a volcano in a monster truck or even swinging over a crocodile-infested river.

0:07.0

But 15% off when you spend 15 pounds at Mackie's comes pretty close.

0:10.6

Deal drop.

0:11.2

Redeem all week only in the app.

0:14.0

18 plus app only.

0:15.2

One time use per week until the 20th of April.

0:16.7

Minimum spend and discount apply to food and drink items only.

0:18.7

Participating restaurants, season C's apply.

0:26.5

Here's your TNB Tech Minute for Thursday, April 10th. I'm Victoria Craig for the Wall Street Journal.

0:32.5

It was another volatile day on Wall Street. The tech-heavy NASDAQ composite shed 4% today after notching its biggest gain in more than two decades yesterday. Worries about the impact of President Trump's

0:38.7

tariffs continue to royal the market, but they're not forcing America's tech titans to reverse

0:44.2

course on AI investing just yet. Amazon's CEO wrote in his annual shareholder letter today

0:49.9

that he sees AI as a once-in-a-lifetime reinvention of everything we know,

0:54.8

and that the world will benefit from investing aggressively now.

0:58.7

That sentiment was echoed by Google Parent Alphabet's chief executive,

1:02.6

who in a keynote speech doubled down on plans to spend $75 billion on AI this fiscal year.

1:09.2

But what will power that AI investment? One forecast predicts more

1:13.0

energy than the entire nation of Japan consumes. That's according to the International Energy Agency,

1:18.9

which sees demand for AI optimized facilities quadrupling by 2030. Data centers are predicted to be

1:25.7

one of the fastest growing sources of emissions, but to meet

1:28.8

rising demand, natural gas and emerging technologies will likely be tapped. By the end of the next

1:34.3

decade, the U.S. is believed to consume more electricity for AI than for aluminum, steel, cement,

...

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