WASHINGTON, DC - APRIL 15: Reed Albergotti (Technology Editor - Semafor) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: (L-R) Divesh Makan (Founding Partner - ICONIQ) and Reed Albergotti (Technology Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: (L-R) Divesh Makan (Founding Partner - ICONIQ) and Reed Albergotti (Technology Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: U.S. Sen. Katie Britt (R-AL) and chair of the Senate Appropriations Subcommittee on Homeland Security looks on during a hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. The Commerce, Justice, Science, and Homeland Security subcommittees held a hearing focused on measures to prepare for the FIFA World Cup in 2026. (Photo by Heather Diehl/Getty Images)

WASHINGTON, DC - APRIL 15: U.S. Sen. Katie Britt (R-AL) and chair of the Senate Appropriations Subcommittee on Homeland Security speaks during a hearing at the U.S. Capitol on April 15, 2026 in Washington, DC. The Commerce, Justice, Science, and Homeland Security subcommittees held a hearing focused on measures to prepare for the FIFA World Cup in 2026. (Photo by Heather Diehl/Getty Images)

A woman holds her mobile phone as she walks through Moscow International Business Center, also known as Moscow City, in Moscow on April 15, 2026. Russia has hardened its restrictions on the use of VPNs to access a host of online services, state and independent media outlets reported Wednesday, as the authorities seek to exert more control over online communications. (Photo by Igor IVANKO / AFP via Getty Images)

A man looks at his mobile phone as he walks in front of the State Historical Museum in Moscow on April 15, 2026. Russia has hardened its restrictions on the use of VPNs to access a host of online services, state and independent media outlets reported Wednesday, as the authorities seek to exert more control over online communications. (Photo by Igor IVANKO / AFP via Getty Images)

A man looks at his mobile phone as he walks through Moscow International Business Center, also known as Moscow City, in Moscow on April 15, 2026. Russia has hardened its restrictions on the use of VPNs to access a host of online services, state and independent media outlets reported Wednesday, as the authorities seek to exert more control over online communications. (Photo by Igor IVANKO / AFP via Getty Images)