TNB Tech Minute: Nvidia-Backed AI Startup to Build a Data Center in South Korea
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 16 March 2026
⏱️ 3 minutes
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| 0:00.0 | I think the potential of Agenic is to rethink how work gets done overall. It challenges all sorts of |
| 0:06.8 | traditional orthodoxies around how organizations execute the work at hand. That's Jason Gersatus, |
| 0:12.6 | CEO of Deloitte U.S., talking about the transformational potential of Agenic AI. Join him later to |
| 0:19.0 | learn why agents are a game changer for businesses across industries. |
| 0:24.2 | Here's your afternoon TNB Tech Minute for Monday, March 16th. I'm Julie Chang for the Wall Street Journal. |
| 0:30.8 | We exclusively report that NVIDIA-backed U.S. startup Reflection AI is partnering with South Korea's |
| 0:37.2 | Shinshege Group in a multi-billion |
| 0:39.0 | dollar deal to build one of the nation's largest AI data centers. The deal helps the Trump |
| 0:44.0 | administration's plan to export American tech around the world to counter China. Reflection |
| 0:49.1 | launched by former Google DeepMind researchers will develop AI models customized for Korean language and culture. |
| 0:55.9 | The data center will use tens of thousands of Nvidia chips and is expected to consume 250 megawatts |
| 1:01.9 | comparable to a small American city's energy use. |
| 1:06.1 | In another exclusive, Intuit is increasing its stock buybacks and ending scheduled stock sales by its senior |
| 1:12.4 | management team. The financial technology companies' moves are meant to shore up a sagging stock price, |
| 1:18.1 | which is down about 33% this year, as investors worry AI will degrade software providers' businesses. |
| 1:25.1 | Intuit owns TurboTax, Credit Karma, and QuickBooks. |
| 1:28.3 | It plans to roughly double its fiscal 2026 buybacks compared to the prior year. |
| 1:34.0 | And Micron Technology said it would build a second site in Taiwan to manufacture highly |
| 1:39.3 | sought-after AI memory products. |
| 1:41.2 | The Idaho-based chip giants said the facilities would boost its manufacturing |
| 1:45.2 | capacity for in-demand DRAM and high bandwidth memory products. Shipments from the new site |
| 1:50.6 | will begin in fiscal 2028. Micron also said construction on a similar site is set to begin |
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