I think the potential of Agenic is to rethink how work gets done overall. It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

Join him later to learn why agents are a game changer for businesses across industries.

Here's your afternoon T&B Tech Minute for Tuesday, June 23rd. I'm Julie Chang for the Wall Street Journal.

SoftBank CEO Masayoshi Sun dismissed the idea of building AI data centers in space, saying the costs outweigh potential

benefits. At an annual shareholder meeting for SoftBank's mobile unit today, Sun said the benefit

of space data centers is lower electricity cost, but added that power makes up only 7% of the

total cost of running a data center. Sun predicted that the winner and the race

to build data center capacity will be decided in the next seven years, and said SoftBank

will focus on building a formidable data center capacity on Earth. We exclusively report that Walmart

is acquiring French ad tech firm Vibe.co for $1.4 billion to better compete with

Amazon for advertising revenue. Vibe enables advertising through connected televisions,

particularly for small and medium-sized advertisers with smaller budgets. People familiar with

the matter say the deal includes a $1.2 billion cash

payout to Vibe, plus around $180 million for Vyb's top executives to stay on at Walmart for

four years. The deal is Walmart's largest since its $2.3 billion purchase of TV maker Vizio in

2024.

Finally, Tesla sales in Europe more than doubled last month, marking the fourth consecutive month of growth for the EV maker.

That's according to data from the European Automobile Manufacturers Association, Elon Musk's

carmaker was helped by the revamped Model Y and aggressive pricing. But three Chinese automakers

grew even faster in May, BYD, Cherry, and Leap Motor. The intense competition in EVs has put pressure

on local carmakers, Volkswagen, Stalantis, and Renault. All three saw year-on-year sales declines.

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