TNB Tech Minute: Investment Firm Coatue Launches Venture to Buy Land for AI Data Centers
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 1 May 2026
⏱️ 3 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Access to affordable credit helps me pay my employees, but I don't really need it. |
| 0:05.0 | Infliction is killing me! |
| 0:08.0 | But who cares? Big retailers are making record profits! |
| 0:12.0 | That's why we support the Durban Marshall Credit Card Bill! |
| 0:15.0 | See? Banks and credit unions help small businesses make payroll. |
| 0:18.0 | This bill would cut the vital resources they need. |
| 0:25.1 | While increasing megastore profits, they deserve it. Don't they? |
| 0:29.1 | Tell Congress, stop the Durban Marshall money grab for corporate megastores. |
| 0:31.2 | Paid for it by the Electronic Payments Coalition. |
| 0:38.1 | Here's your afternoon TNB Tech Minute for Friday, May 1st. I'm Danny Lewis for the Wall Street Journal. Investment firm, COTU Management, is known for its big bets on tech. Now, we exclusively |
| 0:44.4 | report that the $70 billion investment firm is launching a new venture to buy land to be developed |
| 0:49.5 | for AI data centers. People familiar with the matter say tens of billions of dollars could be spent on the |
| 0:54.9 | effort, called Next Frontier. The new firm is already at work on one of its first big projects, |
| 1:00.7 | buying land in Indiana for a data center campus. KOTU has large stakes in Anthropic and OpenAI, |
| 1:06.3 | and it has invested heavily in companies that supply infrastructure for data centers, |
| 1:14.5 | including turbine maker GE-Vernova and power producer Vistra. |
| 1:17.4 | In another WSJ exclusive, |
| 1:20.9 | CBO Global Markets is slashing 20% of its staff and tightening its return to office policies |
| 1:23.0 | as its latest move in a plan to sharpen its focus on key businesses. |
| 1:27.2 | According to a memo seen by the Wall Street Journal, about a fifth of CBO's global workforce |
| 1:31.9 | has been notified that they have been laid off. The company is also offering a voluntary |
| 1:36.5 | retirement program to U.S. and Canadian workers who are at least 55 years old, have been |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

