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Semafor World Economy

Jake Angelo

Jake Angelo

US Newsroom Fellow

Email Jake

Jake Angelo was formerly a news fellow at Fortune.

Ecommerce confronts AI shopping agents ahead of holiday season

Cheq, a cybersecurity company that verifies AI shopping agents, says it recorded a 100x surge in agentic traffic.
AI Agents
Dado Ruvic/Reuters

A quarter of financial firms tie pay and promotions to AI proficiency: survey

A survey of 500 companies by financial recruiting firm Selby Jennings finds that the practice is more common among fintechs and smaller firms.
Workers at a startup in San Salvador. Jessica Orellana/Reuters.

AI video startup Higgsfield launches tool to build custom AI influencers

The company has updated its AI influencer tool, making it easier for users to insert a character of their own creation into existing videos.
A Higgsfield AI influencer. Courtesy of Higgsfield.

US adds 29,000 jobs in September, far short of expectations

The report adds to evidence that the Federal Reserve will hold rates steady at its October meeting.
Help Wanted sign
Mike Blake/Reuters

America.gov holds a Minecraft-themed Easter egg

The bot seems to come to life when users ask it to “play Minecraft.”
A screenshot showing America.gov’s response to the prompt “play Minecraft.”
America.gov website/Screenshot/Semafor

McDonald’s unveils AI-enabled drive-thru system

AI drive-thrus have tripped up other chains, including Burger King.
A McDonald’s drive thru.
May James/Reuters

Hollywood scouts film schools for AI-native talent

“How do we find people who already know how to use this?” is a common question studios are asking now, said Runway CEO Cristóbal Valenzuela.

‘Winter is coming’: IMF head issues ‘warning’ over inflation and central bank tightening

Kristalina Georgieva, the IMF’s managing director, told Semafor that prices will keep climbing.

‘Hold us accountable’ on data centers, Amazon sustainability chief says

Kara Hurst said the tech giant would seek to be more transparent about the environmental impact of its massive data center buildout.

Video AI company Pika offers new tool to speed up AI video creation

Creators can use fewer prompts to generate shot-by-shot lists for AI videos.

Slowing AI development could boost hyperscaler balance sheets

A Semafor review of analyst estimates finds that at current projections, as tracked by S&P Capital IQ, Amazon, Alphabet, Meta, and Microsoft are expected to spend $66 billion more on capital spending

AI agents collude to bypass guardrails, a new study shows

Enterprise AI lab, Emergence AI, ran eight simulations testing how frontier models handle cybersecurity threats.

UMG and voice AI giant ElevenLabs launch AI-powered music platform

These licensing agreements are not only a way to shift AI music companies from the targets of lawsuits to paying customers for music, but also a bet that allowing fans to play with the tech may demystify it.

US inflation stayed hot in August, boosting odds of a rate hike

Elevated consumer prices, along with a stronger-than-expected jobs report this month, has traders of the Fed funds future rate betting on a rate hike next week.

Students perform better academically with less AI, study finds

Students who refrain from using AI perform better academically than those who use it, according to an OECD report which surveyed more than 760,000 students across 91 countries.

US adds 162,000 jobs in August, beating expectations

The stronger-than-expected numbers have fed funds futures traders betting on a Federal Reserve rate hike this month.

Filmmakers tout AI’s use in Hollywood at the other film festival in Venice

The Reply AI Film Festival fetes films made with the technology as its honorees say traditional filmmakers won’t admit they use it too.

Nvidia to buy Hugging Face for nearly $13 billion

Hugging Face has exploded in popularity, providing an open-source hub for collaborative machine learning.
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