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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy
Marta Biino

Marta Biino

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Fortune and Axios warm to AI

Media companies are continuing to push the boundaries of how they’re using AI.
Fortune and Axios logosFortune/Axios/Illustration

Kuwait strips tens of thousands of citizens of nationality

The government says the process targets those who have obtained the nationality illegally, but human rights groups say it’s a sign the country is moving toward autocracy.
The skyline of Kuwait City.Zairon/Wikimedia Commons. CC-BY-4.0

Chip maker EnCharge raises $100M in Series B round, aims to slash AI energy usage

The DARPA-backed startup has developed chips using a unique technology that requires significantly lower amounts of energy to run AI models compared to market-leading options.
EnCharge COO Echere Iroaga (Right), CEO Naveen Verma (Middle), CTO Kailash Gopalakrishnan (Right).From right: EnCharge’s COO, CEO, and CTO. Courtesy of EnCharge.

Romania court annuls presidential election result amid Russian interference allegations

The constitutional court canceled the electoral runoff scheduled for Sunday.
Romanian presidential candidate Calin Georgescu makes statements to the press in Izvorani, Ilfov county, near Bucharest, RomaniaInquam Photos/Octav Ganea via Reuters

US court upholds law forcing TikTok to divest or face a ban

US President Joe Biden signed legislation in April to force the Chinese app’s divestiture to a US company over national security concerns.
A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in HangzhouChina Stringer Network via Reuters

Syria rebel leader says group’s aim is to overthrow Assad

The leader of the rebel coalition discussed the group’s goal in an interview with CNN.
Syrian rebels celebrating the capture of HamaMahmoud Hassano/Reuters

OPEC+ extends oil production cuts until April as it waits on Trump

The group of oil exporters is curtailing about 6% of global oil supply, as they wait to see how the US president-elect’s priorities play out.

European firms see declining business prospects in China

Surveys of German and UK firms in China indicated low confidence in the future of their investments in the country, with little hope of improvement on the horizon.

France’s government collapses following no-confidence vote

Prime Minister Michel Barnier had enraged both the far-left and far-right opposition after pushing through a controversial budget without a parliamentary vote.

Elon Musk’s SpaceX reportedly eyeing $350 billion valuation

Musk, SpaceX’s majority owner, has seen huge gains at his companies since the US election.

Israel-Lebanon truce wavers as France, Saudi call for talks on Palestinian state

The week-long ceasefire has been a much-needed bright spot in a region blighted by conflict.

US unveils new China chip curbs in last Biden effort to curb Beijing’s access to tech

Washington restricted exports to 140 China-based companies, just weeks before President-elect Donald Trump’s returns to the White House.

Two years ago, ChatGPT triggered an AI boom. It may be just getting started.

OpenAI’s chatbot launched on Nov. 30 2022, pushing technology companies toward developing new and increasingly powerful artificial intelligence.

Why Chinese brands like Shein and Temu will dominate Black Friday

The e-commerce giants saw sales jump in the first half of November, while shoppers spent slightly less at major US retailers.

Nôtre Dame Cathedral unveils new interior five years after catastrophic fire

Around 2,000 experts worked on the $740 million renovation.

Ukraine declares nationwide alert as Russia targets its energy infrastructure

Analysts have attributed the intensifying conflict to both sides attempting to secure victories ahead of Donald Trump’s return to the White House.

Israel-Hezbollah ceasefire begins as Lebanese civilians start returning home

Under the agreement, Israeli troops will withdraw from southern Lebanon and Hezbollah forces will relocate further away from the Israeli-Lebanon border.

ICC prosecutor seeks arrest warrant for Myanmar junta chief for crimes against Rohingya Muslims

Around a million Rohingya fled Myanmar starting in 2017 after a military campaign that UN officials described as “textbook example of ethnic cleansing.”