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1. Elon Musk's xAI faces tougher road building out data centers after EPA rule update

   An updated rule from the EPA closed a loophole that allowed xAI to build its Memphis data center quickly using air-polluting turbines as a power source.

2. Google files to appeal search monopoly case

   The appeal could delay any implementation of the finalized remedies.

3. OpenAI has committed billions to recent chip deals. Some big names have been left out

   OpenAI has inked multibillion-dollar deals with AI chipmakers including Nvidia, AMD, Broadcom and Cerebras.

4. OpenAI to begin testing ads on ChatGPT in the U.S.

   OpenAI said ads would not influence ChatGPT's responses and that it will "never" sell user data to advertisers.

5. Micron stock climbs as CEO highlights AI demand for memory

   "We need more and more memory to address that demand," Micron CEO Sanjay Mehrotra told CNBC's Jim Cramer.

6. ASML hits record high on AI boost — and analysts see plenty of room to run

   Dutch semiconductor equipment maker ASML became just the third European company to his a valuation of over $500 billion on Thursday.

7. AI chip trade, Saks' bankruptcy woes, Trump's health-care plan and more in Morning Squawk

   Here are five key things investors need to know to start the trading day.

8. CEOs, security executives are divided on cyber risks of AI, survey finds

   A survey released Friday by Axis Capital shows there's a growing divide across how c-suite executives view the risks, rewards and impact of AI.  

9. CNBC Daily Open: AI trade reignited by TSMC earnings blowout

   Thursday offered markets a rare respite from nonstop geopolitical upheaval. Yet the week's headlines still reflected larger global dynamics.

10. DeepMind CEO is talking to Google CEO 'every day' as lab ramps up competition with OpenAI

    Demis Hassabis, CEO of DeepMind, told CNBC how the company has driven Google's AI innovation and increased the speed of new releases across products.