FT News Briefing Rishi Sunak tries to rally Conservatives
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May 13, 2024 UK Prime Minister Rishi Sunak is making a passionate bid to rally his party ahead of an impending election. Meanwhile, four Chinese AI startups are making waves, each valued over $1 billion as they vie for an edge in the tech race. In the U.S., shale oil companies face serious allegations of price manipulation, adding to the scrutiny in the energy sector. Over in Mexico, the political landscape is heating up, with the frontrunner promising to maintain the status quo while raising concerns of potential authoritarianism.
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Sunak's Challenge
- UK Prime Minister Rishi Sunak tries to boost Conservative morale before elections.
- His party trails Labor by 20 points and faces an uphill battle.
China's AI Unicorns
- Four Chinese AI startups, including Moonshot and Zhipu, have become unicorns.
- They aim to compete with US rivals by focusing on the Chinese market.
Shale Oil Lawsuits
- US shale oil companies face lawsuits alleging production manipulation to raise prices.
- ExxonMobil and Occidental Petroleum are among those named, with Occidental denying the claims.