Category: Semafor

The News US President Donald Trump’s nominee to lead the Federal Reserve, Kevin Warsh, is on track to be confirmed after a key Republican senator said on Sunday he will greenlight the nomination. North Carolina Sen. Thom Tillis’ move came after the the Department of Justice on Friday dropped a ...

US President Donald Trump was evacuated from the White House Correspondents’ Dinner on Saturday, after witnesses heard multiple loud bangs in the ballroom of the Hilton Hotel in Washington, DC. The US Secret Service said it was investigating a shooting incident and that one individual was in custody. “The president ...

Google chief Sundar Pichai said 75% of the company’s new code is AI-generated. The trajectory is fast: In 2024 that figure was 25%, rising to 50% last fall. Meta targets similar levels by midyear. Perhaps more startlingly, Pichai said the workflow was now “truly agentic” — rather than engineers giving ...

During a conversation at Los Alamos labs in 1950, physicist Enrico Fermi famously asked why, if the universe is so large, we have never seen any signs of extraterrestrial life. Well, maybe we just needed some GPUs. There is now so much data streaming in from powerful telescopes like the ...

In the past, when tech companies laid off employees, the markets reacted approvingly. Cutting costs means more profit. But in the upside-down world we live in, Microsoft and Meta both suffered on Wall Street Thursday after news of their layoffs broke. Microsoft closed down nearly 4%, while Meta lost more ...

Elon Musk wants to give everyone “universal high income.” The new spin on universal basic income is the least he can do, considering how much money AI will make him when his Optimus robots start replacing all human jobs. The concept: Robots and AI will mean a massive increase in ...

The Department of Justice has ended its criminal investigation of Federal Reserve Chair Jerome Powell, a move likely to thaw the frozen nomination process of President Donald Trump’s nominee to replace Powell, Kevin Warsh. US Attorney for DC Jeanine Pirro said today the Fed’s inspector general has been asked to ...

US authorities arrested a soldier involved in the capture of former Venezuelan President Nicolás Maduro who allegedly bet on the operation’s outcome before it took place, amid growing fears of illicit betting in prediction markets. The special forces soldier is accused of making upwards of $400,000 from betting on the ...

The Kremlin’s tightening of internet restrictions is fueling discontent across Russia, leading to rare signs of domestic dissent. The country was once very free online, remarkable given President Vladimir Putin’s autocratic rule, but more recently access to global messaging apps has been restricted and the internet has been completely shut ...

Oil and gas markets — already in turmoil over the Strait of Hormuz closure — will likely face further and lasting disruptions in the months ahead, analysts warned. Iranian attacks on liquefied natural gas facilities in Qatar will result in constrained LNG markets through all of next year, the International ...