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The Latest Breaking News from Semafor

JPMorgan is accusing the 30-year old founder of fintech startup Frank of fraud—after paying $175 million for her company

Less than two years after buying Frank, the bank claims that Frank’s management invented numbers it provided during the due diligence process.

Fortune

Coinbase's relationship with the media has been fraught. Brian Armstrong can fix that

The Coinbase CEO embracing mainstream media could help his company—but also all of crypto.

Fortune

Microsoft in Talks to Invest $10 bln in ChatGPT Owner -Semafor

Microsoft Corp is in talks to invest $10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter. The funding includes other venture firms and deal documents were sent to prospective investors in…

Asharq Al-Awsat

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Microsoft in talks to invest $10bn in ChatGPT owner

BENGALURU: Microsoft Corp is in talks to invest US$10 billion into OpenAI, the owner of ChatGPT, which will value the San Francisco-based firm at $29 billion, Semafor reported on Monday, citing people familiar with the matter.

Bangkok Post

Goldman Sachs weighs 40% cut on investment banker bonuses

As Wall Street goes from feast to famine, Goldman Sachs is reportedly weighing the largest cuts to banker bonuses since the 2008 financial crisis

Fortune

China casts long shadow over US-Africa Leaders Summit

With dozens of African leaders descending on Washington this week, the Biden administration is offering a not so subtle pitch in its economic competition with China on the continent: The U.S. offers a better option to African partners

The Independent UK

Stanford law professors are entangled in Sam Bankman-Fried’s FTX mess—and SBF’s father withdrew from an upcoming class

Bankman-Fried’s father—and his colleague—are reportedly consulting with the disgraced founder of the crypto exchange, who was raised on the prestigious university’s campus.

Fortune

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GOP fears Trump third-party 2024 bid

"It’s not totally out of the realm of possibility," a former Trump administration official said

Salon

Did Sam Bankman-Fried's Millions Buy the Media's Loyalty?

The mainstream coverage of SBF and FTX is more than a little blasé.

Reason

Sen. Bob Menendez is under federal criminal investigation again

The probe comes five years after the DOJ dropped its corruption case against Menendez.

Axios

Semafor news site makes debut, intent on reinventing news

The media organization Semafor launches Tuesday with no less an ambition than reinventing the news story

The Independent UK

Tucker Carlson admits he hates white liberal women more than anything: ‘I’m not mad at Black people’

The Fox News host sat down for a chat with Semafor’s Ben Smith on Thursday

The Independent UK

Scoop: Ben and Justin Smith plan to name their new company “Semafor"

The word is roughly the same across dozens of languages.

Axios

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