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Regulatory bodies in the U.S. state of Michigan have greenlit an application from utility firm DTE Energy Co., authorizing it to provide power to a substantial data center project being planned by Oracle and OpenAI. DTE Energy had earlier sought expedited approval for its power supply strategy for the data center situated in Saline Township. This multi-billion-dollar endeavor boasts a capacity of 1.4 gigawatts. As per OpenAI and Oracle, once the Stargate campus is finalized, the combined planned capacity of their joint ventures across the U.S. will surpass 8 gigawatts, with an anticipated investment exceeding $450 billion over the ensuing three years. It's crucial to recognize that the market carries inherent risks, and investments ought to be approached with prudence. This piece is not intended as personalized investment guidance.
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