TNB Tech Minute: New York State to Enact Yearlong Big Data Center Ban
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What is the main topic discussed in this episode?
Here's your morning TNB Tech Minute for Tuesday, July 14th. I'm Pierre Bien-Aimé for The Wall Street Journal.
Why is New York enacting a yearlong moratorium on large data centers?
New York Governor Kathy Hochul is banning the construction of big new data centers for up to a year, making New York the latest state to confront the rollout of sites powering the AI boom. According to her office, Hochul, a Democrat, is set to sign an executive order today temporarily freezing construction on data centers with capacities of at least 50 megawatts.
What size and projects does Kathy Hochul’s data‑center freeze apply to?
The order will halt any projects still awaiting a permit. The moratorium will last as long as it takes to create data center regulations, but no more than a year. Dozens of cities and counties across the U.S. have issued temporary halts on data center construction, but no other state has enacted a similar freeze, though several have proposed similar bans. In pre-market trading, shares in IBM sank more than 20% after the company issued a profit warning. In a letter to investors, IBM's CEO cited a shift in customer spending from software to AI hardware and memory chips and said it didn't react quickly enough to the changing market conditions.
The company said it plans to report revenue of $17.2 billion for the June quarter, falling short of analysts' expectations.
Why did IBM shares plunge after its profit warning and what did the CEO say?
It's scheduled to release its official second quarter figures next week. And Frontier Airlines, a Wi-Fi holdout, is partnering with Starlink to offer the service on its planes for the first time. The budget airline said it plans to start offering Wi-Fi early next year.
How will Frontier’s Starlink partnership change in‑flight Wi‑Fi for passengers?
Operated by Elon Musk's SpaceX, Starlink is quickly becoming the airline industry's dominant in-flight internet provider. Carriers including United, American, and Southwest are installing it on their planes.
Most carriers offer the service for free, but Frontier hasn't yet said whether it will charge extra for Wi-Fi. And that's your TNB Tech Minute. We'll be back this afternoon with more.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–0:08
2
Why is New York enacting a yearlong moratorium on large data centers?
0:08–0:29
3
What size and projects does Kathy Hochul’s data‑center freeze apply to?
0:29–1:14
4
Why did IBM shares plunge after its profit warning and what did the CEO say?
1:14–1:30
5
How will Frontier’s Starlink partnership change in‑flight Wi‑Fi for passengers?
1:30–1:52
Speakers
1 identifiedMore from WSJ Tech News Briefing
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