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WSJ Tech News Briefing

TNB Tech Minute: Meta Turns to Nuclear Power to Fuel AI Ambitions

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 3 June 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus: TSMC sees limited impact of Trump’s tariffs. And, Victoria’s Secret delays earnings release due to an information-security incident. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price. Tell

0:22.2

Congress to Guard Your Card because Americans lose when politicians choose. Learn more at

0:28.1

guardycard.com.

0:29.9

Here's your TNB Tech Minute for Tuesday, June 3rd. I'm Victoria Craig for the Wall Street

0:35.9

Journal. Meta is turning to nuclear power

0:38.7

to fuel its artificial intelligence ambitions. The social networking giant said today it struck a deal with Constellation Energy to buy 20 years of power generation from an Illinois nuclear plant.

0:50.2

Though financial arrangements were not disclosed, Constellation CEO said the deal will help cover

0:54.9

relicensing, upgrades, and maintenance. He said running a plant for 20 more years requires

1:00.2

billions of dollars in capital. Elsewhere, the chief executive of Taiwan's TSM said the chipmaker

1:06.6

faces limited impact from tariffs. He also reaffirmed at the company's annual shareholder meeting

1:12.1

today that AI demand remains strong and that he expects revenue and earnings to reach new

1:17.5

all-time highs this year. Though the CEO said tariffs are typically paid by importers and won't

1:22.6

directly affect the company, he warned if tariffs lead to a global economic downturn and higher prices, that

1:28.8

could dampen demand. And finally, an information technology security incident has forced

1:34.3

Victoria's Secret to delay today's scheduled release of its quarterly earnings. The company said

1:39.5

its financial results weren't affected by the incident, but the restoration process has

1:43.9

prevented employees

1:44.8

from accessing certain information needed to prepare the results. Victoria's Secret hasn't disclosed

...

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