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Today’s Flagship
Israel strikes Iran, the US vetoes a Palestinian bid for UN recognition, and China focuses on its time-sucking efficiency.
Modi widely expected to win Indian election as voting begins
Reuters US vetoes UN membership for Palestine
Semafor unveils expansion of flagship live journalism platform ‘The World Economy Summit: Fall Edition’
Semafor World Economy Summit 2024 Livestream
Moderna CEO says AI will help scientists understand ‘most diseases’ in 3 to 5 years
OpenAI’s Makanju is ‘bullish’ on government using her company’s tech
White House science chief reiterates that Biden wants TikTok divestment, not ban
Out of control spending risks economic crisis, Goldman’s Waldron says
Rep. Ilhan Omar’s daughter suspended from Barnard over pro-Palestine demonstration
Kenya helicopter crash kills country’s defense chief
US, EU announce new sanctions on Iran
Bulgaria heads to sixth election in three years
Paulson proposes four tests for ‘pragmatic’ China policy
NY Fed chief: No ‘urgency’ to cut interest rates
US officials say Israel missile strikes Iran
Several U.S. media outlets cited American officials as confirming the strike, as Iran and Israel appeared to downplay the attack.
REUTERS/Amir Cohen
News
Semafor World Economy Summit 2024: Day 2 live updates
Follow our coverage of Semafor’s second annual World Economy Summit where more than 100 of the world’s most influential economic and business decision makers discuss the global economic landscape.
Getty Images for SemaforNews
Semafor World Economy Summit: Policymakers and business leaders discuss Trump, AI, and China
Follow our coverage of Semafor’s second annual World Economy Summit where more than 100 of the world’s most influential economic and business decision makers discuss the global economic landscape.
Tasos Katopodis/Getty Images for SemaforToday’s Flagship
Israel strikes Iran, the US vetoes a Palestinian bid for UN recognition, and China focuses on its time-sucking efficiency.
Nigeria is targeting a 60% jump in revenues — finance minister
Nigeria is targeting a 60% bump in revenues this year to keep debt at sustainable levels, Finance Minister Wale Edun told Semafor’s World Economy Summit.
Politics
Ukraine aid a step closer to passage with release of House bill
House Republicans unveiled legislative text for separate foreign aid bills for Ukraine, Israel, and Taiwan, which quickly earned support from the White House.
Security
UN agencies criticize Israel on multiple frontsU.N. officials have called for increased aid to Gaza and an end to Israeli settler violence in the occupied West Bank.
Insights from The Guardian and Haaretz
Net Zero
Carlyle sees a cash cow in AI electricity boom
The private equity firm is courting data centers as customers for massive solar farms it’s building in the Arizona desert.
Politics
Threats against US speaker play into Democrats’ hands, some Republicans worry
“Every time that they do this, it actually strengthens the Democrats’ hands,” one GOP member told Semafor.
Tech
AI startup Tome makes cuts in pursuit of new focus
The company is reorienting itself toward bringing in revenue, concentrating on sales teams that use its product to create customized decks.
Tech
Is there enough text to feed the AI beast?
A study suggested training data could run out this year, but researchers say there are ways to extend it.
Politics
Money race: Trump’s slow start, GOP self-funders, and Democrats’ Senate firewall
Trump narrowed the cash gap, Senate Democrats are still out-raising their challengers, and more takeaways from the latest stack of campaign finance reports.
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politics 
Win McNamee/Getty Images
Modi widely expected to win Indian election as voting begins
Prime Minister Narendra Modi looks likely to clinch a third term as polling kicks off with votes to be cast in seven phases over the next six weeks.
Bulgaria heads to sixth election in three years
UK Tories face election meltdown
Polls are predicting a wipeout for Britain’s ruling Conservative Party in elections expected later this year.
Ukraine aid a step closer to passage with release of House bill
House Republicans unveiled legislative text for separate foreign aid bills for Ukraine, Israel, and Taiwan, which quickly earned support from the White House.
Threats against US speaker play into Democrats’ hands, some Republicans worry
“Every time that they do this, it actually strengthens the Democrats’ hands,” one GOP member told Semafor.
Win McNamee/Getty Imagesbusiness
Semafor unveils expansion of flagship live journalism platform ‘The World Economy Summit: Fall Edition’
Returning to Washington D.C. to coincide with the IMF/World Bank fall meetings in October, Semafor is leveraging its hugely successful April summit to convene power brokers on the record this fall
Out of control spending risks economic crisis, Goldman’s Waldron says
Goldman Sachs President John Waldron warned that Washington needs to get “its spending under control” to prevent a market crisis similar to what happened in the UK in 2022.
Semafor World Economy Summit 2024 Livestream
Experience every moment of the largest and most consequential gathering on the state of the global economy on April 17 and 18, live from Washington, D.C.
White House science chief reiterates that Biden wants TikTok divestment, not ban
Arati Prabhakar, the director of the White House Science and Technology Policy ,said at Semafor’s World Economy Summit that there were larger social media privacy concerns not exclusive to TikTok.
NY Fed chief: No ‘urgency’ to cut interest rates
John Williams, the president of the Federal Reserve Bank of New York, acknowledged that inflation has been a bit of a “bumpy road,” but overall, “the trend is that inflation is gradually coming down.”
technology
Denis Balibouse/File Photo/Reuters
Tome
REUTERS/Lucy Nicholson/File Photo
Steve Jennings/Getty Images for TechCrunch
Is there enough text to feed the AI beast?
A study suggested training data could run out this year, but researchers say there are ways to extend it.
Denis Balibouse/File Photo/ReutersAI startup Tome makes cuts in pursuit of new focus
The company is reorienting itself toward bringing in revenue, concentrating on sales teams that use its product to create customized decks.
TomeTesla lays off 10% of global workforce as sales fall
The shakeup reflects the struggles Tesla has faced over the last few years, including a price war and heightened competition from Chinese firms.
REUTERS/Lucy Nicholson/File PhotoEarly OpenAI investor bets on alternative Sam Altman’s approach to AI
Venture capitalist Vinod Khosla is investing in Symbolica AI, a startup that has developed a new method of machine learning.
Steve Jennings/Getty Images for TechCrunchafrica
Nigeria Finance Minister Wale Edun Semafor/YouTube
Cristina Aldehuela/AFP via Getty Images
Nigeria is targeting a 60% jump in revenues — finance minister
Nigeria is targeting a 60% bump in revenues this year to keep debt at sustainable levels, Finance Minister Wale Edun told Semafor’s World Economy Summit.
Nigeria Finance Minister Wale Edun Semafor/YouTubeGenetically modified mosquitoes could one day end malaria
A technique that alters the genetic makeup of mosquitoes is seen as a way to wipe out malaria-transmitting species, potentially making it a powerful weapon in the fight against the disease.
Cristina Aldehuela/AFP via Getty ImagesSenegal’s new leader is breaking old ties
Senegal’s new government is pushing reforms ministers say will retool the country’s economy away from its decades-old reliance on foreign governments — especially France.
Sudan’s war is escalating a year after fighting began
Fighting is intensifying in Sudan’s war, a conflict which began a year ago and has gone on kill 14,000 people while forcing more than 8 million others to flee their homes.
How to serve the global African entrepreneur
Moulaye Tabouré is “convinced the backbone of the biggest diaspora in the world is its culture which is Africa’s only unlimited and growing resource.”
net zero
Courtesy Carlyle
Flickr
Swantje Stein/Reuters
Flickr
Carlyle sees a cash cow in AI electricity boom
The private equity firm is courting data centers as customers for massive solar farms it’s building in the Arizona desert.
Courtesy CarlyleWhat China’s EV buyers’ remorse means for the world
The country leaves the rest of the world in the dust in putting EVs on the road, and its market has huge lessons to offer.
FlickrClimate tech has an IPO problem
Record-setting climate tech fundraising could stall out if Silicon Valley doesn’t get some of its money back.
Swantje Stein/ReutersThe strange bedfellows slowing a greener US grid
Regulators are closing in on a controversial solution to the country’s looming power crisis.
Flickrsecurity
Amir Cohen/Reuters
Qatar reconsiders role as mediator in Israel-Hamas war
The Qatari prime minister said his country was being “abused” in the mediation process.
UN agencies criticize Israel on multiple fronts
U.N. officials have called for increased aid to Gaza and an end to Israeli settler violence in the occupied West Bank.
Europe, US divided over support for Ukraine’s strikes on Russian oil
A growing number of European countries have expressed tacit support for Ukraine’s strikes on Russian oil refineries.
Israel urges Iran sanctions as it calibrates response to attack
Western nations have urged Israel to avoid an escalation of the conflict in the Middle East.
Iran sought mass casualties in Israel strike, U.S. officials say
The assessment could complicate deliberations on how to respond to Tehran and its military allies in the coming weeks.
Amir Cohen/Reutersmedia
The Intercept is running out of cash
The left-wing U.S. newsroom, a hub for pro-Palestinian coverage, is scrambling for funding.
Jina Moore Ngarambe: ‘The idea that empathy is zero-sum’
In her first interview since her exit, former Guernica editor-in-chief Jina Moore reflects on the uproar over an essay the progressive magazine published on Israel and Palestine.
Semaforum with Maria Ressa: “Every time you personalize, you tear apart the public sphere.”
The Nobel Laureate and journalist talks about how tech tears us apart, what we can do about it, and what makes her optimistic.
Soros fund is building an audio empire
Soros Fund Management, the firm founded by the billionaire investor and now controlled by the Open Society Foundations, has gotten into radio.
Fox News ignores White House egg complaints
White House officials reached out to the network asking for a retraction of a story that said Biden had prohibited religious-themed designs from annual Easter egg contest.
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