Plus: Strong growth in artificial-intelligence servers are seen pushing the overall server market to $1 trillion. And, bitcoin hits a new all-time high. Julie Chang hosts.
Programming note: Starting this week, Tech News Briefing episodes will be released on Tuesdays and Fridays, and the TNB Tech Minute will be released twice on weekdays, in the morning and afternoon.
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[00:00:31] Here's your afternoon TNB Tech Minute for Thursday, July 10th. I'm Julie Chang for The Wall Street Journal. Canada's industry minister says she's hoping to unveil a plan in the coming weeks that'll help automakers there deal with hefty U.S. tariffs and meet the country's electric vehicle sales mandate. Melanie Jolie said today that the auto sector faces big hurdles with President Trump's 25% tariffs on foreign-made cars. Vehicles are Canada's second largest export by value.
[00:01:01] Canadian regulations dictate that 20% of new vehicle sales by the end of next year be powered by electricity, with a goal that all new vehicles are EVs by 2035. Strong growth in artificial intelligence servers should continue and help drive the overall server market to close to $1 trillion in sales by 2030. That's according to a note from Bank of America securities analysts.
[00:01:26] They say AI server revenue will likely rise at an average rate of 28% until then. And that Dell and Hewlett Packard Enterprise are best poised to directly benefit from the trend. And the price of Bitcoin climbed to an all-time high today. The oldest and largest cryptocurrency was trading at more than $113,000 this afternoon, breaking a previous record set in May, according to Coindesk.
[00:01:53] Shares of crypto exchange Coinbase rose about 4% in response. Before we go, don't forget we're on a new schedule starting this week. We'll have another Tech Minute for you tomorrow morning with full TNB episodes in the feed early on Tuesdays and Fridays. We'll see you tomorrow morning with a few more days.