Semafor Business

The fintech founder sees AI threatening traditional lenders by alerting consumers to their hidden fees.

Inside the company, executives worry about a potential sale.

The capital has been plagued by a cost of living crisis, slower pay growth, and higher levels of unemployment than other parts of the country.

China is closing the satellite gap with the US, as Beijing battles Washington to become the world’s leading space power.

OpenAI’s Sam Altman said he supports legislation to slow AI development during his visit to Capitol Hill, as debate swirls in Washington and Silicon Valley over safety risks posed by frontier models.

The hostilities could oscillate between “hot and cold war indefinitely,” one security expert said, warning that the US needs to contain the spread.

The company is expected to bid in upcoming spectrum auctions.

The body is looking to capitalize on the lucrative men’s World Cup this year.

Chinese AI startup Moonshot is looking to acquire more advanced Nvidia chips to create its next model, The Information reported, as China’s tech sector grapples with an AI compute shortage.

American robot makers have been lobbying Washington for months to take action to counter the spread of popular Chinese bots.

Doubts about US-Iran negotiations also grew, with Washington saying “good talks” were underway, while Tehran denied they were even taking place.

It’s classic credit-enhancement, taking a risky thing and wrapping it in something safer. Usually this goes fine. Occasionally it’s catastrophic.