Lana

Chinese consumer prices, on the other hand, stayed fairly tame in March.

But it could be that businesses are swallowing higher production costs rather than passing them on to consumers.

And that could come back and bite them in the profit margins later on.

Last week, the Eurozone was the first out of the gate with a March inflation report, and it gave the world a heads up.

Consumer prices jumped sharply to 2.5%, up from 1.9% the month before.

The bloc relies heavily on energy imports from the Middle East, so it's especially vulnerable to disruptions there.

That's it for today.

I'm Lana.

I'll see you next week.

Hey, I'm Lana with your Daily Brief for Friday, April 10th.

Coming up, Meta's hoping its latest model will justify its eye-watering AI spend.

And China's riding the oil shock to an EV sales boom.

We'll also check in with Carl to get his answers to your burning questions.

More on the way, but first…

see you there meta unveiled the latest version of its ai model on wednesday and it's hoping this one muse spark will get its pricey ai engine firing on all cylinders muse spark is the first major project from meta's rebuilt ai division since the company poured 14 billion dollars into it in a bid to match rivals openai alphabet and anthropic

The model will be plugged right into all of Meta's products, from Facebook to WhatsApp.

Early reviews haven't all been friendly, but investors nonetheless sent Meta's stock up more than 9% by Thursday.

Mark Zuckerberg previously claimed that open-source AI is the world's best shot at making the tech useful, but MuseSpark's training and code won't be public.

That's a strategic shift.

The social media company now seems to think that the way to make AI pay is by controlling and charging for access to its model.