Category: Semafor

Global AI infrastructure spending could exceed $31 trillion through 2050, PwC analysts projected, as firms forge ahead with a flurry of data center deals. US chipmaker Qualcomm on Tuesday announced a massive AI chip deal with Amazon, while TikTok is expanding its data center capacity in Finland as part of ...

The first Chinese cargo ship traveling along the Northern Sea Route is set to dock in England this week, reflecting Beijing’s growing Arctic ambitions, though analysts cast doubt on the venture’s commercial feasibility. China considers itself a near-Arctic power and has moved to deepen its presence there; it conducted its ...

, created by Gene Roddenberry. The first episode of the great, long-running show boldly went where no man had gone before 60 years ago today. The pilot was — unfortunately for the purposes of a daily recommendation slot — not very good. If you’d like to dust an episode off, ...

The failure of two candidates — one Democratic and one independent — to consolidate anti-Republican support against GOP candidate Kurt Alme is propelling him to victory, according to polling first shared with Semafor. Alme is currently winning 44% of the vote, while independent Seth Bodnar is capturing 22% and Democrat ...

The Scoop Saudi Arabia’s sovereign wealth fund is set to meet some of Wall Street’s biggest firms in New York this week as it seeks foreign backing for its spending plans amid cash constraints at home. Public Investment Fund’s senior management — along with representatives of some of its biggest ...

Robinhood landed its first IPO underwriting assignment, a sign that retail investors — long an afterthought for companies going public — are a fan base worth courting. Robinhood, which launched its bookrunning business in June, is among 18 banks working on smart-ring maker Oura’s IPO (dead last, but there). Historically, ...

Liz’s view There are reasons for Kevin Warsh to raise interest rates next week — though President Donald Trump’s new Fed chief was chosen to keep rates low — and there’s no shortage of possible excuses to perpetually wait and see. First, Friday’s job report was stronger than expected, but doesn’t ...

Argentina said it would file criminal charges against an Israeli oil firm operating in the Falkland Islands, Buenos Aires’ latest salvo in its campaign to regain control of the UK-controlled territory. President Javier Milei has stepped up his rhetoric on the islands as he looks to boost his flagging approval ...

HUMAIN’s CEO kept himself in the news over the weekend after posting on LinkedIn that he was hiring a team to prepare the barely two-year-old company for an initial public offering. The state-backed AI firm is looking for “top-tier management consulting experience, strong financial and strategic depth, and experience working ...

Amena’s view Venezuela is not just another member of OPEC. It is one of the group’s five founders, present when the organization was conceived in Baghdad in 1960 as a counterweight to the “Seven Sisters,” the Western oil majors that held the upper hand over much of the world’s oil ...