Category: Semafor

Liz’s view Lloyd Blankfein, contemplating his exit from Goldman Sachs, liked to say that when things are bad, you can’t leave, and when things are good, you don’t want to. Blankfein was finally having fun, after a decade as CEO, when he started laying the groundwork for his exit in ...

The News OpenAI on Tuesday launched a personalized agent tool, called dots — a new competitor to Meta’s popular Muse system. Dots “can do nearly anything,” OpenAI said, and integrates into applications like Slack and Microsoft Teams. People will soon be able to text with their dot, which can take ...

The Trump administration cancelled the US visas of several senior Latin American officials, a move intended to support politicians it regards as friendly to its regional ambitions. Leaders seen as close to the White House have won all of Latin America’s recent elections, with many vowing support for the Trump ...

European energy ministers meet today, fearing coming shortfalls of natural gas and diesel ahead of winter. Europe typically refills its gas stockpiles over the summer, but curbs on tanker traffic through the Strait of Hormuz have upended that strategy, leaving its reserves far lower than usual. Governments are trying to ...

Chinese officials vowed to bolster flagging growth as a real estate downturn hampers domestic consumption. Though Beijing has largely resisted economists’ calls for fiscal stimulus, the pressure has piled on policymakers, who signaled today they will move to stabilize the property sector, boost employment, and support household spending, which ING’s ...

Around 11 million US workers, about 7% of the country’s workforce, may need to change jobs within the next decade because of AI displacement and the vast majority will need substantial retraining, a new McKinsey report predicted. Voters globally have soured on AI because of concerns over its impact on ...

Increasing flows of oil are making it out of the Middle East despite persistent US-Iran tensions, indicating Tehran’s grip on key export routes may be loosening. Saudi Arabia has restored half the output along its pipeline to the Red Sea, Bloomberg reported, while the research firm Kpler said shipments through ...

Nvidia’s record $150 billion stock buyback plan is a bet by CEO Jensen Huang that he can fund huge swaths of the AI buildout while still rewarding his own shareholders. Other big tech companies have had to choose between those two priorities: Alphabet, which bought back $45 billion of its ...

SpaceX’s Starship rocket entered orbit for the first time Monday, deploying Starlink satellites before returning to Earth, a landmark achievement that nevertheless saw the rocket maker’s stock fall. Starship is slated to replace SpaceX’s reusable workhorse, the Falcon 9, which has allowed the Elon Musk-owned company to achieve a lucrative ...

South Korea demanded an apology from Ukraine for “unilaterally and abruptly” revealing that Kyiv transferred North Korean prisoners-of-war — captured fighting for Russia — to Seoul, a diplomatic rupture reflecting the conflict’s increasingly global dimensions. The Blue House said it was weighing “further necessary measures” against Kyiv for violating a ...