Category: Semafor

Liz’s view The keys to succeeding on Wall Street are to a) make money and b) make money differently than others. Performance is table stakes; outperformance gets you the glory. AI is messing with that logic. Nvidia’s $500 billion consortium includes the four largest alternative-asset managers in the world and ...

, by Kevin Roose. With rigorous reporting and more than 150 interviews with those working for the US’ most influential AI companies, technology journalist Roose covers Silicon Valley’s breakneck race to build artificial general intelligence. Roose’s account is “clear-eyed, deeply reported, and brisk,” Publishers Weekly wrote, offering “an indispensable window ...

France braced for more intense student-led protests, as political upheaval ripples through Europe’s major economies. French youths have been demonstrating over poor conditions at school buildings, and analysts expect unrest to intensify after a teenager’s hand was blown off by a riot police sting grenade. The country is already bitterly ...

Indian authorities briefly detained the leader of the country’s main opposition party in widening anti-establishment demonstrations. The latest protests center around anger over a review of India’s electoral roll that has resulted in tens of millions of people being deleted; critics, who argue the exercise is politically motivated and anti-democratic, ...

The News BlackRock is ramping up its commitments to the Gulf as the world’s largest asset manager seeks to boost exposure to a region that it expects to use more of its vast state wealth to invest domestically in the wake of the Iran war. Despite no resolution to the ...

The EU’s biggest economies geared up for a clash with China, fueled by growing frustration with a bilateral trade imbalance that politicians contend is hollowing out the bloc’s industries. In a joint letter ahead of a summit of national leaders, France and Germany called for Brussels to enact proposals that ...

Calls for AI regulation grew, though the White House showed little interest. Writing in the Financial Times, one of the so-called godfathers of AI argued that it “should be approached like other critical technologies including medicine, aviation, and nuclear energy,” while the UN rights chief warned that unchecked AI development ...

Brazilian stocks surged Monday after Flávio Bolsonaro emerged as the presidential frontrunner following first-round voting, with investors betting the right-wing candidate would win with a large enough majority to push fiscal reform. “The conditions have never been this favorable,” an asset manager told Bloomberg, after Bolsonaristas won up and down ...

US President Donald Trump is preparing to issue an executive order expanding access to tax-exempt diesel, as he faces mounting pressure to ease near-record fuel prices with less than a month remaining before midterm elections. “Refiners and fuel sellers are likely to absorb almost all of the added benefit,” a ...

Japanese Prime Minister Sanae Takaichi told investors to “rest assured” Monday after the country’s 30-year bond yield jumped to an all-time high on concerns over her government’s stimulus plans, though analysts cautioned that a change in rhetoric didn’t equal a change in policy. Despite being “peppered with remarks aimed at… ...