TNB Tech Minute: Cracks Appear in Oracle’s New Mexico Data-Center Project
episodeTranscript
jump: chapters · speakers · find in transcriptTranscript
Transcript generated automatically by AI and may contain errors.
Why is Oracle’s New Mexico AI Data Center project facing power and permitting setbacks?
Corporate megastores are spending millions lobbying D.C. politicians on one-sided policies that send small businesses tumbling. They want to enact harmful credit card mandates that take resources away from your local credit union and community bank, leaving Main Street businesses with less access to credit, making it harder for your family to pay for everyday goods like gas and groceries. Tell Congress to guard your card and oppose the Durbin Marshall credit card mandates. Paid for by the Electronic Payments Coalition. Here's
your morning TNB Tech Minute for Friday, September 25th.
What did Oracle change about its gas turbine and diesel generator plans after community opposition?
I'm Julie Chang for The Wall Street Journal. Oracle's New Mexico AI Data Center project is facing challenges over power supply, permitting, and local resistance. People with knowledge of the deal say Oracle signed an uncancellable lease for an AI Data Center campus in New Mexico to support OpenAI, committing to pay rent even without power. But following community opposition, Oracle dropped plans for gas turbines and diesel generators and has struggled with state air permits. State officials also twice rejected part of a planned 17-mile natural gas pipeline, and sources say Oracle removed a key land and power partner. A spokesman for the company said Project Jupiter remains on track.
How will Novo Nordisk’s $1.3 billion deal with Nanexa’s PharmaShell technology impact obesity and diabetes treatment?
Novo Nordisk agreed to pay up to $1.3 billion to license and develop Nenexa's drug delivery technology. The exclusive deal covers Nenexa's PharmaShell technology, which could cut the frequency that patients need to inject obesity and diabetes drugs. The technology applies an ultra-thin coating to drug particles for controlled, sustained release. Novo will lead global development and commercialization. And climate tech venture investors are shifting their focus from climate change and decarbonization to AI and powering data centers. According to market intelligence company Currents, investments into energy and data center companies by climate tech venture and growth funds totaled $31 billion so far this year, accounting for more than two-thirds of all capital deployed by such investors.
Why are climate‑tech venture investors shifting focus from decarbonization to AI‑powered data centers?
Five years ago, these sectors represented about a fifth of climate tech dollars. While criticized for high resource consumption and carbon emissions, VCs argue their involvement ensures AI expands sustainably. That's your TMB Tech Minute. Join us again this afternoon for more.
This episode is brought to you by hard lessons, a podcast from Morgan Stanley. Some investing lessons only become clear after you see how a call plays out.
What does the $31 billion investment figure reveal about the new priorities of climate‑tech VCs in 2024?
On hard lessons, iconic investors sit down with Morgan Stanley leaders to go behind the scenes on the critical moments, both successes and setbacks that shaped who they are today. Watch or listen to hard lessons wherever you get your podcasts.
No segments match your search.
Select any passage to copy it with its citation or turn it into a shareable card.
Chapters
5 chapters
1
Why is Oracle’s New Mexico AI Data Center project facing power and permitting setbacks?
0:00–0:35
2
What did Oracle change about its gas turbine and diesel generator plans after community opposition?
0:35–1:21
3
How will Novo Nordisk’s $1.3 billion deal with Nanexa’s PharmaShell technology impact obesity and diabetes treatment?
1:21–2:13
4
Why are climate‑tech venture investors shifting focus from decarbonization to AI‑powered data centers?
2:13–2:41
5
What does the $31 billion investment figure reveal about the new priorities of climate‑tech VCs in 2024?
2:41–2:55
Speakers
1 identifiedMore from WSJ Tech News Briefing
Can Laws Keep Up With AI Therapists?
TNB Tech Minute: U.S. Appeals Court Upholds Pentagon's Label of Anthropic as Security Risk
The Workers Keeping AI Data Centers Running
TNB Tech Minute: OpenAI Agents Attempt to Hack University and Government Websites
TNB Tech Minute: Tech Industry Urges Trump Administration to Drop High H-1B Visa Fees
TNB Tech Minute: Flock Details New Search Guardrails Amid Congressional Scrutiny