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Musk’s AI startup xAI is planning a massive $4.3 billion equity raise—part of a $9.3 billion funding round—to fuel aggressive monthly spending, solidifying its position against OpenAI, Google, and Meta.
Amazon’s CEO Andy Jassy reveals AI will streamline operations and shrink its corporate workforce in coming years, as generative AI agents take over routine tasks—hinting at a major corporate restructuring.
Australia aims to lead global AI infrastructure by leveraging renewable power for hyperscale data centers. Policymakers discuss seascape cables, skilled labor, and GPUs to rival stronger Asian rivals
New York’s proposed RAISE Act would regulate major AI developers investing over $100 million in frontier AI, mandating public safety disclosures and incident reporting—potentially nationalizing AI safeguards
EU telcos are pouring investments into “AI factories” via Nvidia partnerships, but analysts warn that connectivity challenges and high costs could turn these projects into money pits rather than profitable
Adobe launched “LLM Optimizer” at Cannes—part of Experience Cloud—to help brands monitor and optimize visibility across AI interfaces like chatbots and intelligent assistants.

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