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Technology
🟡 Semafor Tech: Rethinking everything
In this edition, why the AI revolution will take longer than we expect, and all eyes are on the first meeting of the White House’s AI task force this week.
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Apple and Meta to collaborate on new AI model
The move is the latest sign of AI reshaping old tech rivalries, as the giants have been at odds for over a decade.
Carlos Barria/Reuters
AI infrastructure debt costs soar amid investor concerns
Oracle’s $160 billion debt is rated just above junk status, and Microsoft’s AAA-rated debt costs 25% more to insure than three months ago.
CoreWeave CEO and founder Michael Intrator. Brendan McDermid/Reuters
Taipei restricts China chip sales to appease the US
The latest move by Taipei is a significant step in curtailing black market sales to Chinese companies seeking to bypass US curbs.
Florence Lo/Reuters
Conservative AI safety group proposes export controls, visa restrictions
Humans First, a conservative-led group advocating for stronger AI guardrails, is out with an “America First AI Policy” platform.
Manuel Orbegozo/Reuters
White House’s AI task force gets to work
The White House’s AI task force has formally adopted its charter.
Nathan Howard/Reuters
US stocks recover after multi-day tech selloff
Investors flocked to safer assets on concerns the AI buildout could falter in the face of weak consumer demand and high inflation.
Jeenah Moon/Reuters
Americans open to data centers with guardrails, poll finds
AI companies can soften support for statewide data center moratoriums by committing to pay for related electricity costs and lessen local environmental impacts, the poll found.
Perplexity to give away its AI security software
The company’s “AI sandbox,” is now an open source project, allowing outside developers to use the tool, which it says can keep AI agents contained.
Smartphone sales drop as chip costs soar
Consumers are keeping their devices for longer, and many have turned to refurbishments, an analyst at research firm Counterpoint said.
Traders sour on AI stocks despite bumper third-quarter revenues
Anthropic said its third-quarter revenue grew more than threefold compared to the first three months of the year but traders grow increasingly concerned.
Meta data center credits draw congressional scrutiny
It’s the latest sign of Congress responding to widespread voter backlash to the AI buildout.
OpenAI employee arrested over office bugging
The episode rekindled fears over AI-powered crimes at a moment of heightened sensitivity over tech trade secrets.
The AI era will redefine business
Reflection AI co-founder and CTO Ioannis Antonoglou said this week on Semafor’s Future Proof that in the AI era, companies have to throw out what they’ve done for decades and come up with new ways to measure and carry out their work.
Xbox leans into AI with Xbox Labs
The company aims to work with users as well as its own developers and engineers to make games and experiences stemming from the new AI-fueled creations.
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.
Saudi national arrested over alleged planting of recording device at OpenAI
Startup espionage has been pursued for far less, but the FBI’s quick work and public rollout of the arrest shows how high the stakes are for the US government and frontier labs.
ASML CEO confident AI demand will outstrip supply for years to come
Christophe Fouquet’s comments have eased investors’ concerns of an AI spending bubble after ASML reported bumper profits.
AI task force readies for first meeting
It’s still not clear what exactly will be discussed at the task force’s first meeting, as the group scrambles to organize following its formation earlier this month.