UK Prime Minister Rishi Sunak speaks in London to boost Conservative morale. Chinese AI startups challenge US counterparts. US shale oil companies face allegations of price manipulation. Mexico's presidential frontrunner promises continuity in legal reforms.
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Quick takeaways
Rishi Sunak aims to boost Conservative morale ahead of elections.
Chinese AI startups are leveraging local talent and cost-effective engineering for global success.
Deep dives
UK Prime Minister Rishi Sunak's Election Struggles
UK Prime Minister Rishi Sunak faces challenges rallying conservatives ahead of an upcoming general election. Despite positioning himself as a bold thinker in a rapidly changing world, his party lags behind in the polls following a poor showing in recent local elections.
Sweeping AI Investments in China
Chinese AI startups are emerging as significant players in the global market, with companies like Moonshot, Jipool, 01AI, and Minimax raising billions to compete against Western counterparts. While initially focusing on dominating the Chinese market, these companies have ambitions for global expansion.
Challenges and Ambitions for Chinese AI Companies
Chinese AI startups face obstacles such as limited access to critical computing resources due to US export controls on AI chips. Despite this challenge, China's talent pool and cost-effective engineering capabilities enable the quick adaptation of innovations for the Chinese market and potentially for global markets, presenting a competitive edge in the AI industry.
UK Prime Minister Rishi Sunak tries to revive Conservative morale with a speech in London, four Chinese generative artificial intelligence start-ups have been valued at more than $1bn in the past three months, and US shale oil companies are under the spotlight over allegations of manipulating prices.Plus, the frontrunner in Mexico’s presidential election is promising more of the same.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.