The Scene With drones and missiles still being regularly intercepted overhead, BlueFive Capital founder and CEO Hazem Ben-Gacem cooked up a play in the defense industry, over a Ramadan meal with companions with ties to a Gulf sovereign fund. Six months later, BlueFive is “ready to launch it,” Ben-Gacem told ...
Category: Semafor
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Data centers drive a surge in climate tech fundingData centers drive a surge in climate tech funding
The Scoop The data center buildout is driving a rush of venture capital investment in clean tech, breathing new life into startups that were at risk of being steamrolled by the Trump administration’s pullback on climate policy. Global climate tech venture investment hit $26 billion in the first half of ...
Why the Senate won’t vote to repeal new Canada tariffsWhy the Senate won’t vote to repeal new Canada tariffs
The News President Donald Trump’s new Canada tariffs are infuriating Democrats and annoying some Republicans — but Congress is unlikely to vote on them before the election. Trump’s use of a nearly century-old law to impose the levies takes away individual senators’ ability to force such a vote on the ...
‘This pushes the boundaries’: White House helped Pentagon explain the legality of its stock deals‘This pushes the boundaries’: White House helped Pentagon explain the legality of its stock deals
The Scoop One month before the Pentagon announced its first equity stake in a company, its top lawyer asked the White House to explain why the deal wouldn’t break the law. The White House budget office responded with a previously unreported legal opinion, reviewed by Semafor, that provides a crucial ...
Experts warn of AI warfare riskExperts warn of AI warfare risk
The US military reportedly prepared to intercept a Chinese vessel in the Middle East this spring after an AI chatbot misidentified materials on board, a close call that “almost started a war,” a source told CNN. Analysts have warned that slipshod AI integration into defense systems could produce catastrophic miscalculations. ...
Kyiv launches massive strikes on Moscow as Russians voteKyiv launches massive strikes on Moscow as Russians vote
Ukraine launched a massive drone attack on Moscow and its surrounding regions Sunday as Russian voters cast ballots on the final day of parliamentary elections. Moscow’s mayor called it the biggest drone attack on the capital since the war began — Russia intercepted more than 1,900 drones — with strikes ...
US, Chinese officials meet before summitUS, Chinese officials meet before summit
US Treasury Secretary Scott Bessent met with Chinese Vice Premier He Lifeng in New York on Sunday before this week’s high-stakes summit between US President Donald Trump and Chinese leader Xi Jinping. Bessent said he was looking forward to “focused, fulsome, and constructive talks” with He that would “set the ...
Houthis hit Saudia Arabia, threatening further escalationHouthis hit Saudia Arabia, threatening further escalation
Yemen’s Iran-backed Houthi fighters struck Saudi Arabia over the weekend as Iran warned against new US attacks, threatening to ignite another round of regional escalation. According to Fox News’ Trey Yingst, US President Donald Trump is in “deciding mode” on Iran: “My question is, if and when do I blow ...
Merz’s CDU collapses in German regional elections ‘disaster’Merz’s CDU collapses in German regional elections ‘disaster’
Germany’s governing CDU suffered its worst result in 80 years in regional elections Sunday, which Chancellor Friedrich Merz called a “disaster” for his party, as both the far left and far right surged. The AfD expanded on strong recent results, which analysts believe could portend far-right victories in upcoming European ...
Health wonks question who saves in Trump drug programHealth wonks question who saves in Trump drug program
President Trump took a victory lap on his administration’s work on drug pricing today, announcing all 50 states will participate in the “most-favored-nation” program, saying “this one thing alone should win us the midterms.” But health policy experts question whether the changes will directly save consumers money, and for how ...