WSJ Tech News Briefing TNB Tech Minute: Meta Turns to Nuclear Power to Fuel AI Ambitions
5 snips
Jun 3, 2025 Meta is making waves by teaming up with Constellation Energy to use nuclear power for its ambitious AI projects. TSMC remains optimistic about AI demand despite looming tariff challenges. Meanwhile, Victoria’s Secret faces a setback as an information security incident forces a delay in its earnings release. The tech world is buzzing with these significant developments!
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Meta's Nuclear Power Deal
- Meta is securing 20 years of power from an Illinois nuclear plant to support its AI ambitions.
- This reflects the heavy energy demands of AI infrastructure needing reliable, clean power sources.
TSMC's Tariff Impact Insight
- TSMC faces limited impact from tariffs because importers pay them.
- However, tariff-driven global economic downturns could reduce chip demand despite strong AI market growth.
Victoria's Secret IT Incident Impact
- Victoria's Secret delayed earnings due to an IT security incident impacting access to financial data.
- The disruption hasn't materially affected operations but may increase future expenses.