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Oil Prices Drop At The Start Of The Week As Trump Pushes OPEC For Price Cuts

Oil prices opened the week on a downward trend following a renewed call from US President Donald Trump urging the Organization of the Petroleum Exporting Countries (OPEC) to slash crude prices. The request came in the wake of his announcement of extensive measures to ramp up oil and natural gas production in the United States, according to Reuters.

Key Facts

As of 9 a.m. Bulgarian time, Brent crude saw a 49-cent drop, or 0.62%, settling at $78.01 per barrel. Meanwhile, US light crude followed suit, dipping 49 cents, or 0.66%, to $74.17 a barrel.

What To Watch

Trump reiterated his demand on Friday, emphasizing that OPEC’s move to lower prices could exert financial pressure on Russia, which heavily relies on energy exports to fund its ongoing war in Ukraine. Additionally, Trump warned of further taxes, tariffs, and sanctions targeting Russia—and other nations involved—if the war persists without a resolution.

Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.

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