WASHINGTON, DC - APRIL 14: Reed Albergotti (Technology Editor - Semafor) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

This photograph shows the website page of the French national authentication system Educonnect displayed on a smartphone in Quimper, western France on April 14, 2026. Students' personal data was stolen during a cyberattack in late 2025 against the Ministry of National Education, the ministry revealed, more than three months after the incident. (Photo by Fred TANNEAU / AFP via Getty Images)

WASHINGTON, DC - APRIL 14: Amy Howe (L), CEO of FanDuel, and Kevin Plank, Founder and CEO of Under Armour, participate in a discussion with Reed Albergotti, Technology Editor at Semafor, during the Semafor World Economy 2026 summit on April 14, 2026 in Washington, DC. The summit brings together business leaders and tech CEOs for discussions on economy, artificial intelligence and business trends. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - APRIL 14: Amy Howe (L), CEO of FanDuel, and Kevin Plank, Founder and CEO of Under Armour, participate in a discussion with Reed Albergotti, Technology Editor at Semafor, during the Semafor World Economy 2026 summit on April 14, 2026 in Washington, DC. The summit brings together business leaders and tech CEOs for discussions on economy, artificial intelligence and business trends. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - APRIL 14: Amy Howe (L), CEO of FanDuel, and Kevin Plank, Founder and CEO of Under Armour, participate in a discussion with Reed Albergotti, Technology Editor at Semafor, during the Semafor World Economy 2026 summit on April 14, 2026 in Washington, DC. The summit brings together business leaders and tech CEOs for discussions on economy, artificial intelligence and business trends. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - APRIL 14: (L-R) Amy Howe (Chief Executive Officer - FanDuel), Kevin Plank (Founder and CEO - Under Armour) and Reed Albergotti (Technology Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Reed Albergotti (Technology Editor - Semafor) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Amy Howe (Chief Executive Officer - FanDuel), Kevin Plank (Founder and CEO - Under Armour) and Reed Albergotti (Technology Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)