Category: Semafor

US President Donald Trump threatened to double tariffs on Mexico if it doesn’t stop a migrant caravan heading for the border, ratcheting up tensions with the US’ biggest trading partner. Illegal crossings of the US-Mexico border have plummeted during Trump’s second term partly because Mexico, which sends the vast majority ...

Anthropic’s IPO is reportedly six times oversubscribed, reflecting bullishness on the AI trade despite recent headwinds. Fears of overspending and soaring debt piles have led investors to pull out from tech stocks in recent weeks, with the Nasdaq index registering its biggest monthly loss in over a year in October. ...

US Commerce Secretary Howard Lutnick faced mounting pressure from lawmakers over the Trump administration’s handling of the Nvidia scandal. Lutnick has been criticized — including, reportedly, by the Treasury secretary — over his department’s failure to sanction Megaspeed, an Nvidia customer, for allegedly smuggling its chips; revelations that a Megaspeed ...

A growing consensus in Washington towards tightening restrictions on China’s access to cutting-edge chip technology will have a negative, long-term impact on the AI sector and the US itself, a leading outlet warned. New regulations and legislation aiming in particular to cut off “remote access” — whereby Chinese firms use ...

European leaders were set to hold talks on how to compete with the US and China in the AI race, but analysts voiced skepticism the EU could overcome structural shortcomings. The summit in Dublin, the first of its kind to focus solely on AI, is expected to be overshadowed by ...

The News Commerce Secretary Howard Lutnick has kept his job through scrutiny over his ties to sex offender Jeffrey Epstein; his cryptocurrency firm, Tether; and his former financial services firm, Cantor Fitzgerald. The Nvidia fallout may be the toughest test yet of his staying power. A growing GOP contingent is ...

A top Democrat is cracking open the door to implementing committee leadership term limits next Congress as lawmakers start to circulate proposals. “I have to look at exactly what it is, but I think that some change might be helpful,” outgoing Democratic Congressional Campaign Committee Chair Suzan DelBene, D-Wash., told ...

US President Donald Trump said Thursday “we don’t need a deal with Iran,” ending negotiations led by his vice president and injecting uncertainty into a Gulf-supported diplomatic push to end the war. Trump earlier this week dismissed the need for further US strikes, suggesting a scenario where Washington could walk ...

Jensen Huang’s exit from Nvidia could spell a sea change in China’s AI fortunes, as heightened scrutiny from Washington threatens to choke off the supply of American compute to mainland tech titans and AI startups. Huang’s extramarital affair with Megaspeed executive Alice Huang may have helped funnel at least $7.5 ...

Ukraine said Thursday that a fresh disruption to Starlink services hampered its military operations, in what Kyiv suggested could be a pressure tactic by Washington amid ongoing negotiations to end the war. US envoys Steve Witkoff and Jared Kushner met with Russian President Vladimir Putin in Moscow, following trilateral negotiations ...