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WSJ Tech News Briefing

TNB Tech Minute: SpaceX IPO Draws $5 Billion Order From BlackRock

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.31.7K Ratings

🗓️ 11 June 2026

⏱️ 4 minutes

🧾️ Download transcript

Summary

Plus: Amazon says its data centers used 2.5 billion gallons of water last year. And Jeff Bezos launches new AI venture Prometheus while batting down AI job loss fears. Julie Chang hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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.

0:38.9

Here's your afternoon, TNB Tech Minute, for Thursday, June 11th. I'm Julie Chang for the Wall Street Journal.

0:46.8

Amazon said its global data centers used approximately 2.5 billion gallons of water last year.

0:51.5

That's according to a blog post published today that outlined the tech giant's water efficiency efforts. Amazon said despite expanding its data center footprint,

0:55.7

water usage at company-operated sites decreased by 2% from 2024. Data center companies have been

1:02.5

facing growing scrutiny over the environmental impact of AI. Amazon said its data center's

1:07.9

usage of water per kilowatt hour of electricity was more efficient than the

1:12.2

industry average in 2025, and that some of its data centers used treated wastewater rather than drinking

1:18.3

water. The company said by the end of this decade, it will return more water to communities

1:23.7

than its direct operations consume. Meanwhile, Amazon's billionaire founder, Jeff Bezos, said he expects AI to create a labor

1:33.4

shortage, rejecting fears that the tech will put humans out of work.

1:38.0

The remarks come as Bezos launches a new AI business called Prometheus.

1:43.0

Prometheus plans to build an artificial general engineer

1:46.2

that can design and manufacture complex physical products such as jet engines. Bezos will co-lead

...

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