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WSJ What’s News

The AI Build-Out Is Inflation’s New Driver

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 25 June 2026

⏱️ 11 minutes

🧾️ Download transcript

Summary

A.M. Edition for June 25. Two powerful earthquakes rock Venezuela’s capital, rattling other cities and leaving dozens dead. Plus, Anthropic claims Chinese tech-giant Alibaba ran a brazen campaign to access its Claude model. And WSJ economics reporter Justin Lahart explains why the massive AI build-out is becoming a new catalyst for inflation, driving up prices for components and electricity. Luke Vargas hosts. Listen to all episodes in our series on ideas for fixing the housing crisis. Sign up for the WSJ’s free What’s News newsletter.

Transcript

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0:00.0

At Betfair we know that nothing is certain in football, least of all when it comes to England.

0:07.0

Maybe it really is coming home this summer. Maybe it isn't. Maybe we can squeeze three number tens into our lineup.

0:15.0

Maybe we've only got one ten and he plays up front. Maybe 48 teams is just too many. Maybe some of them aren't as bad as you think.

0:24.4

Everyone's got an opinion. Back yours at Betfair. 18 plus gamblerware.org.

0:33.4

Deadly earthquakes rock Venezuela. We'll get the very latest.

0:44.8

Plus, Anthropic accuses China's Alibaba of illicitly accessing Claude to train its own AI systems and meet inflation's new catalyst, the AI buildout.

0:49.0

There's a lot of things that go into these data centers.

0:53.0

There's cooling equipment.

0:56.5

There's electrical equipment, there's batteries.

1:00.9

So it puts cost pressures on a number of businesses,

1:04.5

and those costs are likely to get passed on to consumers.

1:06.4

It's Thursday, June 25th.

1:08.2

I'm Luke Vargas for the Wall Street Journal,

1:11.1

and here is the AM edition of What's News,

1:14.5

the top headlines and business stories moving your world today.

1:21.5

One, two, three, we're going.

1:24.0

One, two, three, go.

1:32.5

Rescue workers in Caracas are working to free survivors in collapsed buildings after back-to-back earthquakes rocked Venezuela yesterday evening.

1:42.2

The U.S. Geological Survey said that a 7.2 magnitude earthquake was quickly followed by a 7.5 magnitude quake about 200 miles west of the capital. Venezuela's acting president, Delcian,

1:50.6

said that 32 people were killed and at least 700 injured,

1:54.9

with those numbers expected to rise.

1:57.3

Rodriguez declared a state of emergency

...

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