Boom!

A 60 Minutes report examines how the race to build artificial intelligence is driving a rapid expansion of data centers across the United States, and the growing resistance from communities where the facilities are being built. Residents have raised concerns over energy demands, water use, noise and strain on local power grids, turning data center approvals into a contested political issue in towns across the country.

Nvidia has authorized an additional $150 billion for its stock buyback program, which the New York Times describes as the largest ever. The move underscores the chipmaker's enormous cash generation from the artificial intelligence boom and its decision to return capital to shareholders. Market watchers are weighing what the unprecedented repurchase signals about Nvidia's confidence in future earnings and its valuation.

CNN reports that the massive investment surge around artificial intelligence is complicating efforts to bring inflation back under control. The argument: enormous AI-driven spending on data centers, chips and power is propping up demand and prices even as central banks try to cool the economy, leaving policymakers with a new source of inflationary pressure to untangle.

Consulting firm Bain & Co. says the global artificial intelligence industry must earn $6 trillion in annual revenue by 2031 to justify the massive capital being spent building data centers worldwide. The estimate highlights the enormous gap between AI infrastructure investment and the revenues companies currently generate, feeding debate over whether the AI spending boom is sustainable or a bubble in the making.

Nvidia has expanded its stock buyback authorization by $150 billion, described as the largest addition ever to a share repurchase program. The announcement signals the chipmaker's confidence in its continued cash generation from the AI boom, and adds to the tens of billions it has already spent repurchasing its own shares.

Federal Reserve Governor Lisa Cook said demand driven by artificial intelligence is 'broadening' and is likely to add to inflation pressures. Her comments suggest the AI investment boom is now feeding through to prices across more of the economy, a factor Fed officials may weigh as they assess the inflation outlook and the path for interest rates.

New data on the Real House Price Index for select European countries in Q1 2026 show a clear gap between nominal and real house price growth. Inflation-adjusted prices continued to rise across much of Europe, though the pace varied by country, prompting discussion about what the boom in headline figures actually means for buyers.

Samsung has committed $1 billion to an AI infrastructure company backed by KKR and Nvidia, according to a Wall Street Journal report. The investment places the South Korean tech giant among major corporate backers of the rapidly expanding buildout of data centers and computing capacity needed to power artificial intelligence services.

Poland has more than doubled its military spending in recent years, becoming one of NATO's fastest-growing defense spenders amid the war in neighboring Ukraine. Analysts warn, however, that the rapid defense buildup carries risks for the country's economy, raising questions about long-term fiscal sustainability and the balance between security investment and other spending priorities.

The European Union is moving to limit the energy and water consumption of data centres, in a bid to control the resources used by the fast-growing digital infrastructure sector. The proposal comes as data centre demand surges, driven by cloud computing and artificial intelligence, raising concerns about strain on electricity grids and water supplies across member states.

Nvidia has unveiled a $150 billion share buyback program, one of the largest in corporate history. Analysts are weighing what the move signals for current shareholders and potential investors, with debate over whether it reflects confidence in future cash flow or a lack of better uses for capital. The announcement comes as the chipmaker remains central to the AI boom.

Drugs like Ozempic and Wegovy were originally developed and described as obesity treatments for patients with medical need, but they are increasingly marketed and used as lifestyle drugs for customers seeking cosmetic or wellness benefits. Commentators note this reframing raises questions about access for people with genuine medical need, pricing, and how the pharmaceutical industry positions these medicines.

The Financial Times reports that Nvidia is looking to insurers to help spread the financial risk of its massive AI infrastructure build-out. As the chipmaker commits billions to data centres and computing capacity serving the AI boom, insurance could cushion it against potential losses if demand or projects fall short.

Instinct, a startup building AI agents, has raised $1 billion in its latest funding round, according to Reuters. The large round underscores continued heavy investor interest in companies developing autonomous AI agents, one of the fastest-growing areas of the artificial intelligence sector. Further details about the investors or the company's valuation were not immediately provided.

TSMC is increasingly dictating pricing across the AI chip industry, as the Taiwanese foundry remains the dominant manufacturer of advanced chips for companies like Nvidia, AMD and countless AI startups. With demand for leading-edge fabrication capacity outstripping supply, TSMC's pricing power shapes costs and margins across the entire AI hardware ecosystem.

JP Morgan says Europe's push to expand data centre capacity for AI is driving fresh investment in nuclear energy across the EU. The bloc is betting on nuclear power to meet surging electricity demand from data centres while pursuing decarbonisation and energy security goals, with the bank expecting the trend to trigger a wider nuclear energy boom.

Al Jazeera reports that the booming longevity industry — anti-ageing treatments, supplements and clinics promising longer, healthier lives — is outpacing the scientific evidence behind many of its claims. The piece suggests consumers are spending on interventions whose long-term benefits and risks remain largely unproven, raising concerns about hype, regulation and safety as the market grows.

The rapid expansion of AI is driving a surge in data centre construction, and with it a sharp rise in electricity demand that power grids are struggling to meet. Coverage highlights the tension between tech companies' growth plans and energy sustainability, raising questions about how the industry will source clean power at scale.