Venezuela demands its gold back from the UK
Leading US AI labs are releasing cheaper models to compete with cut-price alternatives from Chinese rivals. Venezuela’s government and opposition unite to demand $4bn in gold reserves back from the Bank of England. A flood of foreign currency bond issuance by Big Tech groups is shaking up the world’s smaller credit markets. Zambia’s President Hakainde Hichilema is running for a second term amid growing discontent that citizens aren’t seeing the results of the country’s economic rebound.
- OpenAI and Anthropic in price war as Chinese AI rivals gain ground
- Venezuela and its opposition want gold back from Bank of England
- Hyperscaler AI borrowing binge shakes up foreign credit markets
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Semafor Flagship: Run aground
Houthis claim additional attacks on Saudi Arabia, a new status quo in the Strait of Hormuz, and a populist faces off against a parody candidate.
- More Houthi strikes
- Hormuz’s new status quo
- Washington faces drone woes
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Google unveils Gemini 3.7 Flash, its "most intelligent workhorse model" for coding and agents, pricing it at $0.75/1M input and $3.75/1M output tokens at launch · Simon Willison's Weblog · Google AI for Developers
- Google unveils Gemini 3.7 Flash, its "most intelligent workhorse model" for coding and agents, pricing it at $0.75/1M input and $3.75/1M output tokens at launch
- Simon Willison's Weblog
- Google AI for Developers
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