TNB Tech Minute: Amazon Joins AI Rivals In New Nuclear Investments

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[00:00:32] [SPEAKER_01]: Here's your TNB Tech Minute for Wednesday, October 16th.

[00:00:36] [SPEAKER_01]: I'm Danny Lewis for The Wall Street Journal.

[00:00:39] [SPEAKER_01]: Amazon is the latest tech company to ink deals backing nuclear power projects to provide electricity

[00:00:45] [SPEAKER_01]: needed for the rapid development of artificial intelligence.

[00:00:48] [SPEAKER_01]: The online retail giant announced today it is working with Dominion Energy to explore developing

[00:00:54] [SPEAKER_01]: small modular nuclear reactors in Virginia.

[00:00:56] [SPEAKER_01]: The technology could make building power plants faster and cheaper than conventional large-scale

[00:01:02] [SPEAKER_01]: reactors.

[00:01:03] [SPEAKER_01]: Amazon also says it is part of a $500 million financing deal for X Energy Reactor, which is

[00:01:10] [SPEAKER_01]: also developing small modular reactors as well as new nuclear fuel technology.

[00:01:15] [SPEAKER_01]: New York's financial regulator says firms need to address specific cybersecurity risks stemming

[00:01:21] [SPEAKER_01]: from the use of AI.

[00:01:22] [SPEAKER_01]: The state financial services department didn't impose new requirements, but in a new guidance document

[00:01:28] [SPEAKER_01]: issued today, officials warned financial services firms to be better prepared for AI-related risks,

[00:01:34] [SPEAKER_01]: like social engineering and other cyber attacks.

[00:01:37] [SPEAKER_01]: The agency says firms should factor AI attacks into their risk frameworks and to be involved

[00:01:42] [SPEAKER_01]: in conversations about AI even if they don't have a team of experts in the technology.

[00:01:47] [SPEAKER_01]: And, an influential security group in China is calling for a government review of Intel's

[00:01:53] [SPEAKER_01]: products.

[00:01:54] [SPEAKER_01]: The Cybersecurity Association of China claimed the U.S. chipmaker's products have shown security

[00:01:59] [SPEAKER_01]: vulnerabilities, high failure rates, and pose a national security threat to the country.

[00:02:04] [SPEAKER_01]: The call could be a precursor to an official investigation in one of Intel's most important markets.

[00:02:10] [SPEAKER_01]: It threatens to embroil the company in a new round of U.S.-China tension over technology as

[00:02:16] [SPEAKER_01]: Intel faces other big challenges to its business.

[00:02:19] [SPEAKER_01]: A spokeswoman said that Intel would work with Chinese officials to, quote, clarify any questions

[00:02:24] [SPEAKER_01]: that may exist and demonstrate Intel's deep commitment to the safety and security of our products.

[00:02:30] [SPEAKER_01]: For a deeper dive into what's happening in tech, check out Thursday's Tech News Briefing podcast.

[00:02:36] .