Category: Semafor

Ukraine’s biggest energy company is moving renewables to the forefront of its plan to rebuild a more secure grid after four years of devastating attacks. In DTEK’s first energy transition plan, published this week, the company committed to entirely closing down its fleet of coal-fired power plants and coal mines ...

Oil prices have landed back to near pre-war prices as the US and Iran projected progress in peace talks, and more tankers passed through the Strait of Hormuz than at any time since the conflict began. But US retail gas prices have stayed north of $3.90, prompting President Donald Trump ...

Fuel prices at Russia’s airports have spiked 17% in June, as the country’s energy crisis deepens due to intensified Ukrainian strikes on Russian refineries. Gasoline production this month is 25% lower than a year ago, and several regions have announced fuel rationing. Moscow’s biggest refinery, damaged in Ukraine’s largest-ever attack ...

The Gulf appears skeptical about the US-Iran deal despite Washington’s assurances that it will restrain Tehran and preserve regional security. The UAE, Kuwait, and Bahrain reportedly fear the agreement leaves Iran’s military capabilities intact and unlocks funds to strengthen its armed forces. The US secretary of state is hoping to ...

Chinese AI startup Zhipu is weighing a multi-billion dollar share sale after it skyrocketed around 2,000% since its January IPO, Bloomberg reported, underscoring the enduring optimism around the country’s AI stocks. Beijing’s measures to expand AI adoption across consumer markets and plans to ease listing requirements for AI companies have ...

US chipmaker Micron reported strong results Wednesday to top off a multi-day tech stock whipsaw. The company’s third quarter revenue beat expectations by more than 15%, as AI infrastructure demand remains insatiable. A “somewhat obscure” company last June, Reuters noted, Micron is now “a Wall Street darling,” CNBC wrote, thanks ...

The concern that humanity’s reliance on AI systems will stunt people’s ability to think and reason for themselves is one that AI companies should address, Anthropic co-founder Jack Clark said at a recent Aspen Institute event. One example: Anthropic’s Claude chatbot has started asking users clarifying questions about their prompts, ...

The News Can your whole laptop fit on your face? A world is coming into view where employees dump their laptops and navigate the workday with nothing but a pair of smart glasses, according to Darko Mesaros, who works at AWS as an advocate for outside developers. Mesaros’ smart glasses ...

Reed’s view I made my first trip to Cannes Lions, the “festival of creativity,” this year. Naturally, Google DeepMind CEO Demis Hassabis wanted to talk about creativity. But that topic is a landmine. Where AI and the creative industries intersect, there are lawsuits and high emotion. A Google employee told ...

The News After toppling establishment-backed candidates in three New York City primaries, Zohran Mamdani-backed challengers are already on to their next act: upending the lives of congressional Democratic leaders. The victories of Brad Lander, Claire Valdez, and Darializa Avila Chevalier show the growing power of a progressive bloc that risks ...