Latest news with #TheSemaforView
Yahoo
15-05-2025
- Business
- Yahoo
Abu Dhabi's MGX sees US on the ‘bleeding edge' for AI technology
Abu Dhabi-based investment firm MGX plans to invest $8-$10 billion a year in artificial intelligence infrastructure and companies, particularly in the US, as the technology's potential outweighs short-term economic growth concerns, the company's chief investment officer said on Friday. 'We remain optimistic that the technology will revolutionize the way we create value in the economy, and the United States continues to be at the bleeding edge of this technology,' Ali Osman said at Semafor's World Economic Summit. 'Whether you're bullish or bearish in the space, you're still looking at capital formation to the tune of trillions of dollars' and MGX's planned role is still just a 'drop in the water,' he said. While MGX hasn't disclosed the overall size of its fund — estimates put it at $100 billion — Osman said the firm will invest between $1 billion and $2 billion per deal. He said MGX is taking a 5-10 year view and is 'deploying capital in order to support that build-out growth.' In March, NVIDIA and Elon Musk's xAI joined the AI Infrastructure Partnership, a platform formed by BlackRock, Microsoft, and MGX in September. The partnership plans to raise $30 billion from investors and ultimately deploy, including debt, $100 billion for AI data centers and related power supply systems. Osman said that there's still uncertainty about what the future investments in AI technology looks like, but what's clear is 'the [data center] demand is still very high.' He predicted that global installations' capacity, currently expected to be around 60 gigawatts, will need to grow over the next five years to 200 or 300 gigawatts. Artificial general intelligence seems imminent, with increasingly capable robots coming along for the ride, but it remains unclear how increasingly powerful computers will impact the world's knowledge workers. The billions of dollars companies are pouring into AI have not paid off, yet. Read more in The Semafor View -> Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-04-2025
- Business
- Yahoo
Trump administration ‘keen' to cut trade deal, UK chancellor says
The Trump administration has indicated that it is 'keen' to cut a trade deal with the United Kingdom, Chancellor of the Exchequer Rachel Reeves said Wednesday at Semafor World Economy Summit. Reeves said the two countries have 'balanced trade,' adding, 'What we hear from the US administration is that they are keen to do a deal with the UK reflecting the closeness of that relationship.' The US imposed variable tariffs on the UK earlier this month — a flat rate of 10% on most goods, with a heightened 25% levy on critical sectors like steel and automobiles. The decision to punish the UK with tariffs roiled markets and shook government confidence in their countries' 'special relationship.' 'This Labour government very much believes in free trade,' Reeves said. 'That's why we do understand some of the concerns that the United States has; we are willing to reduce trade barriers in the UK.' She added that there could be 'a bilateral process' between the US and UK to remove remaining trade barriers. The Labour government under UK Prime Minister Keir Starmer has been making a concerted push to become more business-friendly, curtailing its antitrust watchdogs and pushing to institute capital markets reforms to close a perceived valuation gap between US markets and the LSE. Then came Trump's tariffs. Britain was hardly the only ally roiled by levies, but given the longstanding economic and political cooperation between the two countries, the blow was particularly felt. The energy transition is changing, not ending. Renewable and fossil-fuel production are at record highs. Clean energy is cheaper than oil drilling, and Big Tech's appetite for power is growing exponentially. Investments into new fuel sources and green tech are unlikely to wind down any time soon, while countries are increasingly concerned with energy independence. Read more in The Semafor View ->
Yahoo
23-04-2025
- Business
- Yahoo
Semafor releases 'The Semafor View,' an annual provocation on the state of the global economy
Semafor today announces the release of The Semafor View, a 40-page report on the state of the global economy at a moment of unprecedented turmoil. Published online and in print, the report debuts alongside Semafor's 2025 World Economy Summit — the largest gathering of Fortune 500 leaders in the U.S. — held this week in Washington during the IMF and World Bank Spring Meetings. The summit brings together public and private sector leaders — including U.S. Cabinet officials, congressional leadership, global finance ministers, and central bankers — to advance dialogues that catalyze global growth and fortify resilience amidst uncertain, shifting global dynamics. Crafted as a concise, fact-rich, and thought-provoking guide for time-strapped CEOs, serves as an authoritative forward-looking text in a moment of tough decisions. The report, released in collaboration with Infosys, a global leader in next-generation digital services and consulting, builds on the success of Semafor Business, the World Economy Summit, and The CEO Signal, Semafor's exclusive invite-only multiplatform membership for chief executives of the world's largest companies, underscoring Semafor's dedication to providing independent, transparent, and global insights to a decision-maker audience through its journalism. is edited by former WIRED editor-in-chief Gideon Lichfield and Semafor business editor Liz Hoffman. Contributors include , 2024 Nobel Laureate in Economics, who discusses how an AI bust could trigger the next financial crisis; , founder of Exponential View, who examines how AI threatens the 'moats' of big corporations; Infosys Knowledge Institute on the metamorphosis of AI from orchestration to innovation; , author of Sinocism, who provides insight into China's tightrope walk between economic liberalization and state control; , CEO of Palantir, who addresses why Silicon Valley needs to shed its qualms about defense tech;, chair of Saïd Business School at the University of Oxford, who discusses how the CEO is now the Chief Diplomatic Officer; , 2001 Nobel Laureate in Economics, who outlines Europe's opportunity to thrive in this crisis; and , vice chairman of S&P Global, who covers the new balance between renewable energy and fossil fuels. features essays, industry projections, and insights across seven areas dominating the global agenda: Energy: The new balance of power Finance: The search for safe havens Europe: Pull together or fall behind China: The cautious superpower Defense: Multipolar muscle Leadership: The changing role of the CEO Artificial Intelligence: Boom versus bubble. The report will be available in print at Semafor's World Economy Summit, which will be the largest gathering of Fortune 500 leaders in the U.S. The speaker lineup includes leaders from the G20 including: Rachel Reeves, the U.K.'s top finance official; Jörg Kukies, the German finance minister; Éric Lombard, who runs France's finances; Carlos Cuerpo, Spain's economy minister; and Valdis Dombrovskis, the EU's top economic commissioner. They will appear alongside over 200 of the world's top CEOs. The powerhouse lineup of global business leaders features Mary Barra, Chair and CEO of General Motors; Ted Sarandos, Co-CEO of Netflix; Evan Spiegel, CEO of Snap; Dara Khosrowshahi, CEO of Uber; Brian Moynihan, Chair and CEO of Bank of America; Kathy Warden, Chair, CEO, and President of Northrop Grumman; Scott Kirby, CEO of United Airlines; and Adena Friedman, Chair and CEO of Nasdaq. The three day summit is co-chaired by titans of finance and business, David Rubenstein, Henry Kravis, Ken Griffin, and Penny Pritzker.
