Plus: A consortium including Google, Coinbase, and BlackRock backs new stablecoin. And shares in Siemens Energy rise over strong demand in electrification and AI data centers. Julie Chang hosts.
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[00:00:00] [SPEAKER_01] Countless companies invest in AI tools without tying them to tangible business outcomes. Join McKinsey later to learn how leaders rewire their organizations for sustained impact and value.
[00:00:14] [SPEAKER_00] Here's your afternoon TNB Tech Minute for Tuesday, June 30. I'm Julie Chang for The Wall Street Journal. We exclusively report that the Federal Aviation Administration is preparing to mandate the use of technology to help pilots see nearby aircraft. Safety advocates have sought the fix since a deadly mid-air collision in Washington, D.C. last year.
[00:00:37] [SPEAKER_00] People familiar with the matter say the potential mandate would require nearly all aircraft in civilian airspace to use Automatic Dependent Surveillance Broadcast Systems, or ADSB. While safety advocates support the move, the industry remains divided over costs and compliance flexibility. Sources say they don't know when the mandate will be implemented and cautioned its scope could change,
[00:01:00] [SPEAKER_00] An FAA spokeswoman said the agency is exploring all safety enhancements and hasn't made a decision on issuing a mandate. A consortium backed by companies including Google, Coinbase, and BlackRock plans to launch a stablecoin called OpenUSD. Slated for release later this year, it'll be available on the Coinbase-affiliated base blockchain, as well as Solana and other networks.
[00:01:25] [SPEAKER_00] Some 140 companies, including payments giants Visa, Stripe, and MasterCard have already signed up to use the stablecoin. Stablecoins have become increasingly mainstream since President Trump signed the Genius Act into law last year, establishing a regulatory framework for the dollar-pegged cryptocurrencies. And shares in Siemens Energy rose over 5% as management cited strong demand fueled by electrification and AI data centers.
[00:01:53] [SPEAKER_00] Following a jump in second-quarter earnings, the German energy technology company reported a record order backlog in May and raised its full-year guidance. It said its grid technologies division is seeing higher growth and profitability. The unit continues to benefit from data center demand, with around $2.28 billion of related orders booked in the first half of the year. Siemens Energy said that's almost the same as the entire amount booked in fiscal 2025.
[00:02:23] [SPEAKER_00] And that's it for your TNB Tech Minute. We'll have another quick tech update in the morning.
[00:02:29] [SPEAKER_01] AI transformation is more than a tech initiative. It requires a broader rewiring of human skills and ways of working. Here's Dan Swant, senior partner at McKinsey.
[00:02:39] [SPEAKER_02] One of the biggest unlocks we see is the human being capabilities around the technology. Whereas before you may need to be really good at analysis, now this skill might be how do you prompt these tools to get the right answers and outcomes. And so for us, it's a really big priority to help companies to understand how do you need to change the operating model of your organization and change the underlying capabilities of the people that are interacting with the technology. And when you see that all humming together, it can be really, really special.
[00:03:09] [SPEAKER_01] Discover how McKinsey helps organizations rewire to outcompete with AI at mckinsey.com slash techmoves.
[00:03:16] [SPEAKER_00] This content was created by custom content from WSJ, a unit of the Wall Street Journal Advertising Department.