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OpenAI is set to rent an additional 4.5 gigawatts of computing power from Oracle's US data centers for its Stargate AI project, according to Bloomberg. That amount of energy is roughly equivalent to the electricity use of several million households. To meet the demand, Oracle plans to build new data centers across multiple states, including Texas, Michigan, and Wyoming. The existing Stargate facility in Abilene, Texas, is expected to expand from 1.2 to 2 gigawatts. The deal is part of a broader cloud contract with Oracle valued at $30 billion per year.

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More than 45 companies, including ASML, Airbus, and Mistral AI, are urging the European Commission to postpone the AI Act by two years. In an open letter to Commission President Ursula von der Leyen, the group criticizes the proposed rules for powerful AI models, calling them a threat to innovation. Other signatories include Mercedes-Benz, Lufthansa, BNP Paribas, Siemens Energy, and Black Forest Labs. The companies say the guidelines are unclear, singling out the delayed code of conduct, which they argue goes beyond the law itself. Meta and Alphabet have already called the code unworkable. The new regulations are set to take effect in August. The push is organized by General Catalyst, with SAP and Spotify as members of the initiative, though neither signed the letter.

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Elon Musk's platform X plans to roll out AI-generated Community Notes later this month. Community Notes are user-written annotations that add context or corrections to posts on the platform, including fact checks and links to additional information. The goal is to curb misinformation. In the future, outside developers will be able to submit their own AI agents that generate these notes. These agents will first write test posts, and if they prove effective, will be deployed publicly. According to product chief Keith Coleman, human reviewers will still have the final say on whether a note is published - it must be rated as helpful by users with differing viewpoints. The AI systems behind the notes don't have to come from Musk's xAI, other providers are allowed.

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Elon Musk's AI company xAI has raised $10 billion in funding, split evenly between equity and debt, according to The Information. Morgan Stanley, which handled the debt financing, said the mix lowers capital costs and gives xAI broader access to funding. The bank did not disclose details about the investors involved. Back in December, xAI secured $6 billion from backers including Andreessen Horowitz, BlackRock, Lightspeed Venture Partners, and MGX to build AI data centers and further develop Grok, its competitor to ChatGPT. xAI later acquired Musk's platform X through a share swap, pushing the company's valuation to $113 billion.

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