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Google Invests $10 Billion in AI Startup Anthropic with Room to Grow

Key Points: Google will invest an initial $10 billion in cash into artificial intelligence startup Anthropic at a $350 billion valuation. The tech giant could invest an additional $30 billion if Anthropic successfully hits specific performance targets over time. Anthropic recently secured a separate $5 billion investment from Amazon as it desperately hunts for more computing power. The Pentagon recently labeled Anthropic a supply-chain risk...

Mexico Agrees to Export 1 Million Barrels of Oil to Japan

Key Points: Mexican President Claudia Sheinbaum announced plans to export 1 million barrels of oil directly to Japan. Japan requested the massive oil shipment due to deep uncertainty over energy supplies from the Middle East. A recent phone call between Sheinbaum and Japanese Prime Minister Sanae Takaichi sealed the energy cooperation deal. Japan currently depends on the volatile Middle East for more than 90% of...

Chinese EV Makers Push Global Expansion at Beijing Auto Show

Key Points: Chinese electric vehicle makers are focusing on overseas markets to increase profitability amid weak domestic sales. The ongoing Middle East crisis and rising oil prices are strong catalysts for electric vehicle sales in Europe. State-owned GAC Group plans to export a new hybrid SUV boasting a massive 1,240km range. Experts predict Chinese carmakers could triple their overseas production by 2030 to maximize global...