The News JACKSON HOLE, Wyo. — The Federal Reserve has so far “been a little too quiet” about the Treasury Department’s campaign to bring down yields by buying back more long-term debt, former Kansas City Fed President Tom Hoenig told Semafor. “What they’re trying to do is not identify with ...
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Republicans’ economic optimism is ‘starting to fade,’ economist saysRepublicans’ economic optimism is ‘starting to fade,’ economist says
The News Consumer sentiment among Republicans and independents is “starting to fade” ahead of the midterm elections, The Conference Board Chief Economist Dana Peterson told Semafor. The Conference Board said last week that its overall consumer confidence index had dropped to its lowest level since January. Economists had predicted it ...
Piker defiant as Democrats turn on himPiker defiant as Democrats turn on him
The News “It doesn’t feel great to constantly be berated like this,” said Hasan Piker. By Friday morning, when he caught up with Semafor, the socialist influencer had spent the past week watching Democrats condemn him or distance themselves from his commentary. Michigan Democratic Senate nominee Abdul El-Sayed, who he’d ...
China intensifies hacking campaignChina intensifies hacking campaign
The US government said this week it seized digital infrastructure behind a Chinese hacking operation that targeted NASA, the Federal Reserve, and the Senate beginning in 2018, evidence, experts say, that illustrates the growing scale and persistence of Beijing’s cyber operations. The court documents show China is “doubling down” on ...
Warsh’s hawkish turn meets its skepticsWarsh’s hawkish turn meets its skeptics
The News JACKSON HOLE, Wyo. — Federal Reserve Chair Kevin Warsh made his debut Friday on one of the global economy’s biggest stages, where he appeared to play the hawk. But looks can be deceiving. Warsh used his first speech at the Kansas City Fed’s storied economic policy symposium in ...
Google and Microsoft were in talks for Nscale compute deal that went to AnthropicGoogle and Microsoft were in talks for Nscale compute deal that went to Anthropic
The Scoop Google and Microsoft were both in talks with Nscale to rent AI computing capacity from the company’s massive data center project in West Virginia — a lease that ultimately went to Anthropic, a person familiar with the matter told Semafor. The AI startup will pay $45 billion to ...
Software and data firms rush to meet customers inside the chatbotSoftware and data firms rush to meet customers inside the chatbot
The Scene If you can’t beat ’em, hook up your data to a chatbot. Salesforce this week announced “Claudeforce,” a partnership with Anthropic that lets salespeople look up customer records and check on deals by typing requests to Claude, instead of clicking through a Salesforce dashboard. The massive software solutions ...
Humans can’t fight AI with AIHumans can’t fight AI with AI
Reed’s view One common response to warnings that a rogue AI could eventually threaten humanity is that humanity will also have plenty of AI firepower available to counter it. That idea just got a real-world test, and came up short. The research nonprofit METR (Model Evaluation and Threat Research) investigated ...
Pentagon can’t blacklist Anthropic, US judge rulesPentagon can’t blacklist Anthropic, US judge rules
A US judge blocked the Pentagon’s attempt to designate Anthropic a supply-chain risk, a major victory for the AI firm in its legal wranglings with Washington. The Department of Defense attempted to blacklist Anthropic in February after the company refused to remove restrictions on its AI models being used for ...
Iceland votes on joining the EUIceland votes on joining the EU
Icelanders will decide tomorrow whether to resume talks on joining the EU in a vote that has taken on deeper significance in the wake of US President Donald Trump’s threats in the Arctic. Polls in the tiny island nation — which does not have armed forces — are almost evenly split. ...