Here's your afternoon TNB Tech Minute for Tuesday, November 11th. I'm Julie Chang for the Wall

Street Journal. A large data center entirely designed, built and run by artificial intelligence

is in the works in South Korea. Investor group Stock Farm Road has partnered with Stanford

University-backed AI developer Voltai for the venture, dubbed Project Concord.

Under the plan, AI will manage the use of resources like power and water, as well as adapt to different computing workloads.

The firms say humans will be involved, but only as supervisors.

AI will act as the decision-maker.

The data center is set to cost as much as $35 billion and pack up to three gigawatts of power.

The facility is scheduled for completion in 2028.

We are exclusively reporting that China plans to ease the flow of rare earths and other restricted

materials to the U.S.,

but will keep them out of U.S. military suppliers through a new system.

According to people familiar with the plan, Beijing is considering a validated end-user system

to fast-track certain export licenses but would exclude companies with ties to the U.S. military. China's Ministry of

Commerce didn't respond to a request for comment. Rare earth magnets and other restricted materials

are used in civilian goods, such as electric vehicles and passenger jets, but are also needed in

jet fighters, submarines, and attack drones. And tech giants need so much money for their AI ambitions that Wall Street is developing

new ways to get it for them.

Details on some of the biggest AI infrastructure deals, including those involving

meta, OpenAI, and XAI are coming to focus, revealing lucrative, innovative, and in some cases risky funding

schemes, including private equity, project finance, and debt. Banks and fund managers are writing

big checks for now, but many are worried about how the complicated deals being signed today

...