Category: Semafor

SpaceX’s Elon Musk pledged to give a share in the company to every US child, the latest effort by AI titans to win over an increasingly skeptical public. Musk’s offer follows Anthropic’s announcement that it would put at least 5% of its shares into a public-benefit fund, and reports that ...

French government bonds again sold off on growing concern that cascading political and fiscal crises would hammer the EU’s second-biggest economy and potentially ripple across the bloc. Spreads between French 10-year debt and the German equivalent — Europe’s benchmark — widened to their highest since 2012, reflecting the risk premium ...

The US banned Chinese AI firm DeepSeek from most government systems and asked agencies to remove all technology built with it, as competition for AI supremacy between the superpowers heats up. US firms have long accused Chinese rivals of “distilling” their AI models, in what the White House’s technology advisor ...

South Africa’s president said the country must prepare for a future where it loses preferential trade access to the US because of the growing rift between the nations. Relations have deteriorated since US President Donald Trump cut aid to Africa, expelled Pretoria’s ambassador, and falsely accused South Africa of carrying ...

The News SpaceX CEO Elon Musk said Monday that he would distribute to every American child a share in the AI-and-space-exploration company, a gift that, if realized, would dwarf a similar $6.25 billion gift from Michael Dell. The gift could be worth roughly $10.8 billion, based on SpaceX’s current share ...

The Nasdaq rose Monday as investors rotated back into chip stocks, after fears over the sustainability of the AI boom fueled last week’s selloff. Momentum in the AI trade comes as investors await Wednesday’s earnings report from Meta — which has gained in AI on the back of massive investments. ...

Anthropic could be the AI trade’s last tentpole IPO in 2026, as postponements of public offerings mount ahead of a looming capital crunch. Investors earlier in the year salivated at the prospect of successive SpaceX, Anthropic, and OpenAI offerings, but market jitters have forced several fintech and AI-exposed companies to ...

The Scoop As Waymo expands into new cities with its self-driving cars, the company plans to use the $5 billion it recently borrowed to massively increase its fleet. The company, which currently has 4,000 cars, is looking to bring its total number to 8,000 by the end of the year ...

The EU may finally be meeting the moment on China, analysts argued. European capitals, having recently won a cap on Beijing’s hybrid vehicle imports, are finally developing “the backbone” to battle China’s massive trade surplus and have the tools to do so, an economist wrote in The Wire China. But ...

Burundi signed a $1.4 billion electricity deal with US-backed Anzana Electric Group, which Washington says will strengthen American supply chains and support mining in the East African country. The country has deposits of nickel, gold, and rare earths. But Burundi, like many resource-rich African nations, has struggled to develop large-scale ...