Category: Semafor

The News Republicans are in a place where they prefer to see Democrats: caught in a bind on US-Israel relations. Many GOP lawmakers don’t like the tense dynamic between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu on the Iran war, particularly the rift between them that reopened over ...

OpenAI confidentially filed for an IPO on Monday, one week after rival Anthropic and ahead of SpaceX’s expected public debut Friday, setting up a trio of potential trillion-dollar US tech debuts. Valued at more than $850 billion, the Sam Altman-led firm jumped to the front of the AI race in ...

The News Republicans are in a place where they prefer to see Democrats: caught in a bind on US-Israel relations. Many GOP lawmakers don’t like the tense dynamic between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu on the Iran war, particularly the rift between them that reopened over ...

Chip stocks rose more than 5% on Monday, following a selloff last week that knocked off more than $1 trillion in market value. The rebound was a sign that the AI-powered bull run isn’t coming to an end any time soon. “A correction was inevitable and ultimately healthy,” a Morgan ...

SpaceX’s public market debut, expected on Friday, will create remarkable wealth — but only a sliver of investors will reap the bulk of the gains. Like with many IPOs, most individual investors won’t get in at the offering share price, which usually delivers a first-day pop before fizzling out. That ...

Apple on Monday announced an AI-driven overhaul of its Siri voice assistant, but the long-awaited rollout left investors underwhelmed. Shares in the US tech giant fell nearly 2%; many of the new AI features Apple announced were similar to advances that were previously unveiled and delayed, and are central to ...

Europeans are driving less and the airline industry is facing a $100 billion fuel hit as the Iran war’s energy impacts expand. Eurozone petrol sales fell 3.5% year-on-year in April, the first drop in almost two years; the UK saw even greater declines. Airlines, meanwhile, warned that margins and profits ...

Armenia’s pro-EU prime minister claimed victory in parliamentary elections, dealing a major blow to Russia’s regional influence. In the years since it launched its invasion of Ukraine, the Kremlin has also sought to exert greater control over Yerevan, spurring allegations of election-meddling and economic coercion. But that has sparked a ...

Chinese leader Xi Jinping arrived in North Korea, where he will seek to draw fellow dictator Kim Jong-un closer after years of growing ties between Pyongyang and Moscow. Thousands of North Korean soldiers have fought on the side of Moscow in Russia’s war on Ukraine, while Pyongyang’s arms sales to ...

Ireland will demand that all new data centers in the country “bring your own power,” a sign of a growing backlash against AI infrastructure. Dublin banned new data center construction in 2023, after a huge buildout left the sector using 22% of the country’s electricity: The “BYOP” approach is intended ...