Chapter 1: What is the main topic discussed in this episode?
Access to affordable credit helps me pay my employees, but I don't really need it. Inflation is killing me. But who cares? Big retailers are making record profits. That's why we support the Durbin Marshall credit card bill. See? Banks and credit unions help small businesses make payroll. This bill would cut the vital resources they need. While increasing megastore profits.
They deserve it, don't they? Tell Congress, stop the Durbin Marshall money grab for corporate megastores. Paid for by the Electronic Payments Coalition. Here's your morning TNB Tech Minute for Monday, March 2nd. I'm Anthony Bansi for The Wall Street Journal.
Amazon Web Services is experiencing disruption in the United Arab Emirates after unidentified objects struck one of its data centers on Sunday, causing a fire. The company didn't elaborate on what caused the incident, but the fire broke out as Iranian projectiles continue to strike the UAE. The disruption is ongoing.
NVIDIA is investing $2 billion in both Lumentum and Coherent as part of agreements to help accelerate advanced optics technologies for AI infrastructure. The separate agreements include a multi-billion dollar purchase commitment from NVIDIA and future capacity access rights for advanced laser products.
The company said that optical connection technologies are critical to the next phase of AI infrastructure, allowing for ultra-high bandwidth, energy-efficient connectivity for AI networks. And Chinese artificial intelligence startup Minimax's annual revenue surged to $79 billion in 2025 from $30.5 million from the year before. The growth was driven by the Shanghai-based company's AI-native apps.
However, its net loss widened sharply to nearly $2 billion from around $465 million. The company said the losses were largely due to, quote, significant remeasurement losses on our preferred shares due to continued increases in our valuation. The results are minimax's first since the generative AI company went public in Hong Kong in January.
Investors eager to gain exposure to the AI boom have since sent its shares vaulting more than fourfold from their IPO price, pushing the company's market capitalization past $30 billion. And that's your TNB Tech Minute. We'll be back this afternoon with more.
Enterprises are already creating efficiencies with agentic AI, particularly in areas like finance, HR, and IT, says Jason Gerzades, CEO of Deloitte US. Those will continue to proliferate and strengthen, and it'll change the work that gets done, and work will increasingly be delivered through agentic capabilities.
Garzadas believes the most transformative impacts of agentic systems are still to come. It will fuel innovation. It will fuel the pivot into market creation, market diversification, strategies that will open up new markets to clients and to organizations who are looking for growth and looking for differentiated access to new markets, which I think is the most exciting thing.
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Chapter 2: What recent event disrupted Amazon Web Services in the U.A.E.?
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