AGI

European energy stocks outperformed after escalating U.S.-Iran tensions and renewed concerns over the Strait of Hormuz sent oil prices sharply higher. Investors rotated into major producers including BP, Shell, TotalEnergies and Equinor.

Chinese AI startup MiniMax has closed a new $2 billion funding round as it doubles down on AGI, infrastructure expansion, model research and development, and global growth. The company also outlined long-term commitments...