The IPO prospectus SpaceX dropped last night revealed how much the world’s largest public offering is underpinned by a founder firmly in control. Elon Musk, who previously complained he didn’t have a big enough say in Tesla, will control 85% of the vote at SpaceX through special shares (and will ...
Category: Semafor
Category Added in a WPeMatico Campaign
Oil price jump after Iran says it will not submit to USOil price jump after Iran says it will not submit to US
Oil prices jumped to around $100 a barrel after Iran’s president said his country would not be cowed into surrendering. Despite two Chinese tankers making it through the Strait of Hormuz, crude prices jumped by around 3% after Masoud Pezeshkian said it was a “delusion” that Iran would be forced ...
Operating rooms get AI-equipped in the UAEOperating rooms get AI-equipped in the UAE
The News Abu Dhabi is rolling out new artificial intelligence tools across roughly 100 operating rooms as the emirate’s healthcare regulator — taking a more-is-more approach to patient data — looks to improve surgical outcomes and use predictive technologies to shape policy. The Department of Health Abu Dhabi is connecting ...
Pakistan seeks to revive deadlocked US-Iran talksPakistan seeks to revive deadlocked US-Iran talks
Pakistan’s military ruler is due in Tehran in a bid to revive deadlocked US-Iran ceasefire talks, but with his country facing an increasingly tricky balance. Once a pariah in Washington, Islamabad has recast itself as a mediator in the Middle East conflict, but is having to manage complex ties: It ...
EVs, hybrids to hit 30% of car sales in 2026: IEAEVs, hybrids to hit 30% of car sales in 2026: IEA
EV sales are soaring on the back of the Iran war and ever-falling battery prices. In a new report, the International Energy Agency forecast that nearly 30% of cars sold globally this year would be electric or plug-in hybrid. That’s despite an 8% drop in global EV sales in the ...
Republicans split on ethanol share in national fuel mixRepublicans split on ethanol share in national fuel mix
High US gasoline prices are increasing pressure on the Senate to pass legislation allowing a greater share of corn-based ethanol into the national fuel mix. Last week the House of Representatives passed a bill that would permit the year-round sale of E15, in which conventional gasoline is mixed with a ...
DeepMind founder Demis Hassabis on what Google AI products say about ‘singularity’DeepMind founder Demis Hassabis on what Google AI products say about ‘singularity’
The Scoop After more than two hours of announcements at Google I/O that included flashy new models, AI agents, a smarter search box, tools for work and video creation, and smart glasses, Google DeepMind CEO Demis Hassabis delivered a poetic, if slightly abrupt kicker: “We’re at the foothills of the ...
OpenAI, SpaceX IPOs on deckOpenAI, SpaceX IPOs on deck
The market is bracing for two massive initial public offerings from two tech rivals. Elon Musk’s SpaceX on Wednesday officially disclosed plans to list on the Nasdaq. But OpenAI, led by Sam Altman, who this week fended off a lawsuit from Musk — threatens to steal the thunder from SpaceX, ...
Western nations let Russia in from the coldWestern nations let Russia in from the cold
Energy price spikes from the Iran war are forcing Western countries to let Russia in from the cold. The US extended Russian oil waivers this week, and the UK on Tuesday softened sanctions on jet fuel refined in third countries using Russian oil, imports of which were banned since the ...
Nvidia beats on earnings, but faces headwindsNvidia beats on earnings, but faces headwinds
Nvidia’s revenue topped estimates for the latest quarter, the chip giant reported Wednesday, but it faces challenges ranging from macroeconomic headwinds and its China business to sky-high market expectations. Despite its blockbuster earnings streak, Nvidia shares have tumbled following the past three quarterly reports. “Analyst expectations may have hit unattainable ...