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Wall St. Firms Are Buying Utilities to Tap Into the A.I. Boom

Consumer groups say proposals by BlackRock and Blackstone to buy energy companies in Minnesota, New Mexico and Texas could hurt residents.

© Hiroko Masuike/The New York Times

BlackRock, based in New York, has asked regulators to approve a purchase of Minnesota Power, a company that provides power to 150,000 residential and business customers, largely in the northern Minnesota.

China Is Spending Billions to Become an A.I. Superpower

Beijing is taking an industrial policy approach to help its A.I. companies close the gap with those in the United States.

© Qilai Shen for The New York Times

Local governments have fueled the growth of A.I. start-ups by building developments like Dream Town in Hangzhou, a city that is home to Alibaba, DeepSeek and a growing pool of A.I. talent.
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