• D.C.
  • BXL
  • Lagos
  • Riyadh
  • Beijing
  • SG

Intelligence for the New World Economy

  • D.C.
  • BXL
  • Lagos
Semafor Logo
  • Riyadh
  • Beijing
  • SG


Semafor’s editors across sectors give their predictions on how tech will intersect with their covera͏‌  ͏‌  ͏‌  ͏‌  ͏‌  ͏‌ 
 
rotating globe
December 26, 2025
semafor

Technology

Technology
Sign up for our free email briefings
 
First Word
View from the outside

I hope you are all having a restful holiday break and spending time with loved ones. Between dreams of sugar plum fairies and roasting chestnuts, we here at Semafor are already thinking ahead to 2026, and my colleagues and I have been giving our forecasts for next year to Flagship, our daily global briefing.

Rachyl and I are going to bring you our predictions next week, but I wanted to share a variety of other tech-relevant bets by Semafor journalists across the newsroom: Flagship is publishing all of them, spanning all themes and beats, in a special edition on Jan. 1. But here’s a preview of how journalists outside the tech beat see AI reshaping the world in 2026. (This is also your weekly reminder to step outside the tech bubble, if your relatives haven’t already pulled you out.)

PostEmail
Show me the money

What is the big story you are keeping an eye on for 2026?

Who pays for AI, and how. What started as tech companies tapping reliable cash-cow businesses to fund their AI ambitions has moved where it always does: into a borrowing binge that spreads the risk far and wide across the financial system. It’s hard to remember now, but there was a time not long ago when the accepted wisdom was that unprofitable money pits shouldn’t carry debt.Who AI disrupts. There has been a lot of upbeat talk among CEOs about AI’s transformative potential, but all disruptive technologies turn out to be existentially disruptive for some companies. Most of the market gains were driven by AI winners, but investors are now asking who the losers will be. Will 2026 bring the first AI-driven bankruptcies?

For more from Liz, subscribe to our twice-weekly Business briefing. And apply here to receive Andrew’s CEO Signal newsletter for top global executives.  →

PostEmail
The battle over power

What’s a story everyone thinks is important, but in reality is not a big deal?

AI data centers’ power needs. They are indeed the biggest new source of electricity demand in the US. But utilities and manufacturers are getting better prepared to respond, and other issues are more important drivers of higher electric bills. Still, you can count on politicians across the spectrum using data centers as a universal scapegoat.Elon Musk’s pay. Tesla’s decision to give its billionaire CEO the chance to earn another $1 trillion alarmed proxy advisers and the Pope. But the fear of it redefining other CEOs’ pay demands is overdone. Musk has a singular hold on his company, and most “moonshot” packages end up falling to earth.

For more from Tim, subscribe to our twice-weekly Energy briefing. →

PostEmail
Mixed Signals
Mixed Signals graphic

Janice Min and Emily Sundberg join Mixed Signals for a candid roundtable discussion on what actually mattered in the media this year. They sound off on everything from YouTube’s quiet domination, to the Charlie Kirk saga, and the increasingly niche areas of coverage for newsletters. Max and Ben also ask about Substack’s evolution, creator economics, and what media moments might be top of mind for 2026.

PostEmail
Artificial Flavor
The Main Quad at Stanford University.
Stephen Lam/Reuters

Stanford researchers developed an AI bot that outperformed human hackers in finding vulnerabilities in the university’s systems. While it stopped short of hacking its own systems, the experiment was another sign that cybersecurity is increasingly becoming a battle of AIs. The researchers’ bot, called Artemis, outperformed nine out of 10 real-world hackers at a fraction of the cost. Artemis costs $60 per hour to run, while human penetration testers charge roughly $2,000 per day, according to The Wall Street Journal, meaning it’s cheaper to run Artemis for 24 hours than hire a human.

It wasn’t perfect — it had many false positives and missed one obvious bug — but it’s cost-effective and scalable, a boon to organizations trying to secure their networks. But like most new cybersecurity inventions, it can also be used by hackers to find and exploit vulnerabilities.

PostEmail
Semafor Spotlight
Semafor Spotlight graphic

Tim’s View: Beijing is leveraging its energy resources to project geopolitical power. →

PostEmail