Category: Semafor

US stock futures and Asian markets fell on growing concern that an AI boom is turning to bust. Worries have coalesced around whether public opposition or supply chain constraints will limit the buildout, and if revenues will keep up with Big Tech’s breakneck infrastructure spending. An Australian data center operator’s ...

Chinese AI champion DeepSeek raised around $15 billion in one of the country’s biggest-ever financing rounds as part of efforts to keep up with Western frontier firms. The Hangzhou-based firm — which last year shocked markets by unveiling a model that could compete with Silicon Valley’s leaders at a fraction ...

The News Finance firms controlling over $5.8 trillion have established their first offices in the Gulf in the nearly eight months since the Iran war disrupted the region’s economies, a sign that money managers are still betting it will remain a source of new cash. In that time, all the ...

The Scene MIDLAND, TX — This should be a glorious era for Diamondback Energy. In the 15 years since the oil company went public, it has leveraged savvy fracking skills and astute acquisitions to grow from a scrappy West Texas driller — its stock ticker is FANG — to a ...

Republican Sen. Mike Rounds of South Dakota leads in his Senate race by more than 20 points, according to a new poll shared first with Semafor, a sign that any blue wave in November will have its limits. Rounds is trouncing independent candidate Brian Bengs 57% to 36% in the ...

CATL shares plunged after the company reported slower-than-expected profit growth, as China’s battery champion reckoned with intensifying domestic competition and EV price wars. Its stock has nearly halved since May, as investors fret over expiring tax carve-outs and a trend dubbed “de-CATLization,” whereby former customers like Xiaomi and Li Auto ...

France, Denmark, Finland, and the Netherlands took government websites offline Wednesday after web developers used AI to identify a bug affecting up to 70% of the world’s websites. The exploit is “the most severe AI vulnerability… ever found,” the co-founder of Google’s Wiz cybersecurity team told The Wall Street Journal, ...

Israeli Prime Minister Benjamin Netanyahu is pushing US President Donald Trump to resume strikes against Iran, as both leaders contend with worrying polls ahead of critical elections. Netanyahu, who is trailing in polls, was preparing to bomb Iranian civilian infrastructure and nuclear facilities earlier this month, the Financial Times reported. ...

US envoy Steve Witkoff hailed Vladimir Putin as a “true humanitarian” Wednesday, after the Russian leader released an American prisoner and assented to trilateral talks to end the war in Ukraine. The Kremlin released a 74-year-old retired teacher accused of fighting for Kyiv — a move experts said would foster ...

The Scoop Both OpenAI and Anthropic lobbied lawmakers on the ability of AI companies to share information with one another without running afoul of antitrust rules in the third quarter of this year, according to federal lobbying disclosures reviewed by Semafor. Anthropic’s lobbying form lists the Collaboration on Adversarial Threats ...