Category: Semafor

Beijing dismissed the Nvidia spy scandal as part of US efforts to impose a tech “blockade” on China, clouding the prospects for a summit between the superpowers’ leaders next week. Though the US Treasury secretary yesterday hailed what he described as growing bilateral engagement, that upbeat rhetoric has yet to ...

The Scoop Some members of Nvidia’s board favor appointing Chief Financial Officer Colette Kress as interim CEO at the beleaguered chipmaker if CEO and founder Jensen Huang is ousted, according to people familiar with the matter. The full board has yet to make a decision. But the company’s directors are ...

US tech stocks surged Wednesday following stronger-than-expected CoreWeave earnings, as the AI trade recovered after last week’s selloff. Despite the company’s massive borrowing, investors were encouraged by CoreWeave beating revenue expectations and raising its forecast, as traders parsed the key Anthropic vendor’s results for clues ahead of the AI firm’s ...

A Chinese university with ties to the country’s military was able to obtain Nvidia’s most powerful chips last month despite being on a US blacklist, Reuters reported, as scrutiny over the chipmaker reveals holes in Washington’s regulatory framework. The disclosure comes as lawmakers press the Trump administration on its investigation ...

The top Democrat in charge of overseeing US intelligence agencies in the next Congress vowed Wednesday to increase oversight of the Trump administration’s expanded use of covert action. The White House has reportedly increased spy agencies’ footprint in Mexico and Latin America, and against adversaries in cyberspace, while also firing ...

China’s marriage rate fell to its lowest level in almost two decades, adding to worries about the country’s demographic crisis. Data this week showed 4.65 million couples tied the knot from January through September, while 2.08 million couples got divorced. Beijing has in recent years rolled out a series of ...

Nvidia’s board is preparing to oust CEO and founder Jensen Huang as soon as today, The Wall Street Journal reported, after media reports detailed how Huang had a second extramarital affair. The chip giant’s stock fell more than 8% in after-hours trading, hitting a 52-week low. Huang’s firing would cap ...

African telecoms heavyweight Vodacom has ruled out spinning off its financial services unit, its CEO Shameel Joosub told Semafor, rejecting a path taken by rivals seeking to extract more value from fast-growing mobile money businesses. Joosub’s stance potentially sets up a test of two competing strategies across Africa’s telecoms sector ...

The News It’s easy to understand why Republicans couldn’t imagine the Trump coalition cracking. The MAGA electoral map, first built in 2016, stayed mostly intact for eight years and five elections. Rural areas stayed red or got redder. Non-white, working class areas drifted away from Democrats. The party of the ...

The News In the fall of 2025, Nvidia CEO Jensen Huang was riding high on the wave of the AI boom. He also landed at the center of an ideological war over chip exports that the $4 trillion company and its allies now think played a pivotal role in his ...