US Reaches Water Deal with Mexico, Navy Downs Iranian Drone, and More News
Washington – The United States secured an agreement with Mexico guaranteeing a minimum annual water delivery, while tensions rose in the Arabian Sea after the US Navy downed an Iranian drone. Domestically, Intel announced its entry into the GPU market, Y Combinator (YC) will now offer startups investment in stablecoin, and Netflix faced scrutiny from Republicans in Congress over alleged "woke" content.
The water agreement with Mexico, reached after months of negotiations and a threat of tariffs from then US President Donald Trump, ensures at least 350,000 acre-feet of water annually will be sent to the US, benefiting farmers in southern states, particularly Texas, according to Euronews. This replaces a previous system where Mexico fulfilled a quota on a five-year cycle.
Meanwhile, in the Arabian Sea, the US military reported shooting down an Iranian-owned drone. According to Euronews, the incident occurred amidst increased American military presence in the region, aimed at countering air threats and securing shipping routes. CENTCOM commander Gen. Brad Cooper stated that Iran's "continued nuisance and threats in international waters and airspace would no longer be tolerated," Euronews reported. CENTCOM spokesperson Capt. Tim Hawkins provided details of the military confrontations on February 3, 2026.
In the tech world, Intel CEO Lip-Bu Tan announced at the Cisco AI Summit that the company will begin producing graphics processing units (GPUs), a market currently dominated by Nvidia, TechCrunch reported. GPUs are specialized processors used for gaming and training artificial intelligence models. Kevork Kechichian, Intel's executive vice president and general manager of the data center group, will oversee the project, according to Reuters reporting cited by TechCrunch.
YC startups will now have the option to receive their seed checks in stablecoins, according to TechCrunch. YC's standard deal involves investing $500,000 into startups in exchange for 7% of their companies. Crypto YC partner Nemil Dalal told The Block that stablecoin transfers are often more effective, especially for founders in emerging markets. The move aligns with YC's increased interest in blockchain technology, following a partnership with Base and Coinbase Ventures last fall to encourage founders to build more blockchain-related companies.
Finally, Netflix faced criticism from Republican senators who accused the streaming giant of producing overly "woke" content. According to The Verge, one senator went so far as to accuse Netflix of creating the "wokest content in the history of the world." The Verge reported that Netflix Co-CEO Ted Sarandos testified before the Senate Judiciary Committee Subcommittee on Antitrust, Competition Policy, and Consumer Rights.
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