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# US and UAE Finalize Landmark Multi-Billion Dollar AI Data Campus Deal The US and UAE have agreed to build one of the world's largest AI data campuses in Abu Dhabi. The facility will have 5GW capacity, span 10 square miles, and be powered by nuclear, solar, and gas energy. Developed by UAE-based G42 with US companies, it will be the largest AI campus outside the US, serving nearly half the world's population within a 3,200 km radius. The partnership includes security guarantees to protect US technology, with American firms operating the centers. The agreement supports President Trump's vision for US AI dominance while establishing a framework for bilateral investment and responsible AI deployment.

Elon Musk's xAI projects annual earnings to exceed $13 billion by 2029, with gross revenue forecasted to reach $14 billion that same year. The company expects $1 billion in revenue by the end of this year, with Q1 2023 showing $52 million in revenue and a $341 million loss. Morgan Stanley is facilitating a $5 billion debt sale for major investors, alongside a $300 million share sale potentially valuing xAI at $113 billion. The startup has already invested $2.6 billion in infrastructure and plans an additional $18 billion for data centers and talent acquisition. These ambitious projections come amid fierce competition in the AI sector, though the unaudited figures provided to select investors may not meet public company reporting standards.

Global stock markets are approaching a $116 trillion record market capitalization in June 2025, driven primarily by strong U.S. tech sector performance and AI advancements. Technology giants like Microsoft, Apple, and Nvidia lead the rally, with North American markets commanding the largest share of global equity value. Markets across Europe, Japan, and India have also reached new highs. Investor optimism remains strong despite geopolitical tensions and central bank policy uncertainties, with capital flowing predominantly toward technology and innovation sectors.

OpenAI is appealing a New York Times lawsuit demand to preserve all user chat logs, including deleted ones, as part of a copyright dispute. OpenAI argues this violates user privacy expectations and creates operational burdens. The case highlights tensions between news outlets and AI companies, with potential precedent-setting implications for data retention practices and content usage rights.