TNB Tech Minute: AWS to Invest $10.5 Billion in U.K. on Cloud and AI
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 11 September 2024
⏱️ 2 minutes
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| 0:00.0 | Here's your TMB Tech Minute for Wednesday, September 11th. I'm Zoe Thomas for the Wall Street Journal. |
| 0:08.0 | Amazon says it plans to spend about 10.5 billion dollars over the next five years to build and operate data centers in the UK. |
| 0:17.0 | The rise of AI has led to a surge in demand for computer power. |
| 0:21.0 | An Amazon CEO Andy Jassie has re-oriented the company to focus on AI innovations. |
| 0:27.0 | Since the start of this year the company's cloud computing arm Amazon Web Services |
| 0:32.0 | has earmarked over $50 billion for overseas investments in the coming years. |
| 0:37.0 | UK Chancellor of the Exchequer Rachel Reeves said Amazon's investment was, quote, |
| 0:42.0 | the start of the economic revival for the country. |
| 0:46.2 | The first attempt at a space walk by private citizen astronauts is set to take place tomorrow. |
| 0:51.6 | The operation is a chance for Elon Musk's SpaceX to push |
| 0:54.9 | new boundaries and Trial Company developed spacesuits which are untested in |
| 1:00.0 | orbit. SpaceX envisions the spacesuits eventually being used on Mars. |
| 1:05.2 | The Commercial Space Walk will be conducted by Jared Isaacman, a tech billionaire who's funding |
| 1:09.8 | the flight, and Sarah Gillis, a SpaceX Operations Engineer. |
| 1:13.9 | The pair planned to exit the vehicle around 223 a.m. Eastern time and spend around 15 to 20 minutes |
| 1:20.5 | outside. |
| 1:22.3 | And shares of Trump Media and Technology Group fell about 10.5%, the day after Vice President |
| 1:28.2 | Kamala Harris and former President Donald Trump faced off for their first debate. Trump Media is the parent company of Social Media |
| 1:36.2 | Truth Social and is majority owned by former President Trump. |
| 1:40.4 | Investors have treated the shares as a proxy for the market's bet for a second |
| 1:45.0 | Trump administration. |
| 1:46.9 | For a deeper dive into what's happening in tech, check out Thursdays Tech News Briefing |
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