🤝Microsoft’s $1.6B AI Energy Deal

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In today's email

1. 🤖 Uncover Your Most Qualified Leads with Product Usage Insights

2. 🤝 Microsoft Secures Long-Term Energy Deal as $1.6 Billion Investment Revives Three Mile Island

3. 🗣 AI Voice Cloning Scams Are on the Rise

4. 🤯  Quick Takes

Read Time: 5 Minutes

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In the Know​

Microsoft Secures Long-Term Energy Deal as $1.6 Billion Investment Revives Three Mile Island

Constellation Energy will invest $1.6 billion to restart Pennsylvania’s Three Mile Island nuclear plant, with Microsoft committing to purchase all the power generated to support its AI-driven data centers. The plant, which has been closed since 2019, is expected to be operational again by 2028.

Key Points

• Constellation will reopen the plant’s second reactor, which was shut down due to economic struggles, aiming for a 2028 relaunch.

• Microsoft will buy all the power from the plant for 20 years, making it their first fully nuclear-powered data center initiative.

• Other reactors in Michigan and Iowa are also being considered for revival, driven by growing energy demand from tech companies.

• The restart will require extensive equipment upgrades and approvals from the Nuclear Regulatory Commission, as well as overcoming grid connection hurdles with PJM Interconnection.

The revival of Three Mile Island highlights nuclear energy's growing role in powering the tech industry, as companies like Microsoft turn to nuclear plants for reliable, clean electricity to meet the demands of data and AI growth.

AI Voice Cloning Scams Are on the Rise

New research from UK-based Starling Bank reveals that millions are at risk of AI-driven voice cloning scams, with 28% of adults in the UK already targeted this year. These scams use powerful AI to mimic voices with just seconds of audio, often pulled from social media or online videos, tricking victims into giving up sensitive information. As AI tools become more advanced, criminals are impersonating family members, colleagues, and even bosses, making fraudulent requests for money or credentials sound eerily convincing. Experts urge people to stay vigilant, adopt multi-factor authentication, and establish safe phrases to stay one step ahead of these highly sophisticated scams.

Quick Takes

• Black Forest Labs Seeks $100M Funding Round Amid Rising AI Competition: While OpenAI dominates headlines, startups like Black Forest Labs are still making waves, reportedly closing a $100 million funding round at a $1 billion valuation. Known for its pioneering team behind Stability AI, Black Forest is gaining investor attention, including potential interest from Lightspeed, as it develops groundbreaking generative AI models used by Elon Musk's X.ai.

• Google CEO Sundar Pichai Unveils Global AI Fund at UN Summit: At the UN Summit of the Future, Google CEO Sundar Pichai highlighted AI as a transformative technology and announced a $120 million Global AI Opportunity Fund to expand AI education and training worldwide. He emphasized AI's potential to drive economic progress and address global challenges while warning of the risks of an "AI divide" without smart regulation.

That’s all for Today!

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