Category: Semafor

The News Seagate CEO Dave Mosley said he sees no limit data storage technology amid a surge in innovation in disc drive capability. “There was a time 25 years ago when people talked about the super paramagnetic limit, and they came up with a number, and we blew right through ...

The European rearmament push is creating tension between the EU and NATO. Brussels is overhauling its defense industrial policy, stepping up production to meet both US demands for greater military spending and the threat from Russia. But NATO — where Washington plays a leading role — is skeptical of the ...

Elon Musk is pressuring suppliers to speed up his plans for a $25 billion semiconductor manufacturing plant in Texas. “Terafab” will be a joint project between Musk-owned businesses SpaceX, Tesla, and xAI to build AI-ready chips: Musk has argued that global chip production cannot meet demand, even if existing manufacturers ...

Mexican President Claudia Sheinbaum vowed to boost natural gas production, including via fracking, as she looks to reduce her country’s dependence on US imports and tame soaring fuel prices sparked by the Iran war. The move would mark a major reversal for the former climate scientist and her party; she ...

Live Nation and its subsidiary Ticketmaster maintained an illegal monopoly in the ticketing market, a US jury found. A lawsuit brought by several US states accused Live Nation of exploiting its dominance of both venues and promotions to overcharge fans by an average $1.72 a ticket. Live Nation sells about ...

The News Domyn, a European artificial intelligence company backed by Abu Dhabi’s G42, has launched a new model that allows regulated industries to own their AI systems. To support its plans, the company, which is raising a new funding round, aims to spend $10 billion over the next three years ...

The News US Trade Representative Jamieson Greer pushed for a “pragmatic” approach to China, a warmer stance than many analysts have expected ahead of a visit by President Donald Trump. Tensions have been mounting between the US and China ahead of next month’s Beijing summit, though Greer voiced confidence the ...

The Iran war will likely end with a negotiated settlement that will look much like the 2015 nuclear agreement between Iran, the US, Russia, and other major powers, former US Secretary of State John Kerry said at Semafor World Economy in Washington, DC, on Wednesday. “My prediction is that we ...

Executives dismissed fears that private credit market jitters are a sign of a systemic crisis. The market got a spook earlier this year because private credit funds have lent heavily to the software industry — under threat from AI — and many investors sought to cash out funds. Goldman Sachs’ ...

The News Alexander Wynaendts, supervisory board chairman at Deutsche Bank, said Wednesday that Europe needs to reduce regulations and boost its output to compete with China and the US despite challenges posed by the Middle East war and intra-regional rivalries. “In Europe, we have to work harder,” Wynaendts said at ...