Category: Semafor

Russian President Vladimir Putin’s efforts to expand his country’s influence in Africa, where China and the US have been vying for power, appear to be falling short. Though the Kremlin agreed to several deals at a summit with African leaders in Moscow — including selling fighter jets to Ethiopia and ...

Brazil’s main stock index sold off further on Wednesday amid mounting fears over the country’s fiscal picture following the surprise election defeat of Flávio Bolsonaro, who then fled to the US. This week’s selloff was “much more ​about the positions the market had adopted in recent days” than “a reaction ...

Leading PC makers are shifting some production back to China as costs bite. Firms including US-based HP — which had planned to shift more than half of its production out of the country in a “China+1” strategy — are moving some manufacturing back to offset surging memory and storage chip ...

The Scoop Kalshi has hired one of former President Barack Obama’s top advisers, political strategist Eric Schultz, a person familiar with the matter told Semafor — the latest sign of companies anticipating Democratic victories in Tuesday’s midterms. Schultz signed a short-term contract to serve as an out-of-house adviser to Kalshi, ...

Alphabet’s stock fell 7% in after-hours trading Wednesday after the company missed profit projections and increased its AI spending past $50 billion in the third quarter. The resulting cash burn stoked investors’ fears that hyperscalers aren’t generating enough revenue to justify their debt-fueled infrastructure investments. Meanwhile, Microsoft shares jumped after ...

Benjamin Netanyahu is now oddsmakers’ favorite to stay on as Israel’s prime minister in its next government, which could take weeks or months to form, as the broader region braced for a period of prolonged uncertainty. Neither Netanyahu’s nor his main challenger’s bloc are poised to form a majority, but ...

Investors and journalists have now spent two days parsing Anthropic’s IPO filing — its risk factors, its $80 billion headline net loss, and its unusual governance structure — but there’s one number Silicon Valley prizes above all. The company reported an 85% gross profit margin on the core work of ...

The US’ most influential tech podcast has cooled on the use of the term “super intelligence,” President Donald Trump’s preferred alternative for AI, a Semafor analysis found. Mentions of SI by the hosts of jumped shortly after Trump announced the renaming on Sept. 22, though they never outpaced mentions of ...

Amazon wants AI to see and hear more of your home. The company on Wednesday unveiled its new Echo devices, including Alexa-powered speakers, an AI-infused digital picture frame, smart alarm clocks, and a new smart display for managing the home, all running the latest version of Alexa+. The lineup shows ...

Reed’s view While interviewing the CEO of Aseon Labs for my show , I got the feeling I was witnessing a new kind of startup — one that leverages the commoditization of robotics and advances in AI to do more with less. With a team of just 10 people and ...